Red Lobster CEO Kim Lopdrup Talks China Expansion
The trade war with China is not stopping Red Lobster from expanding. Red Lobster CEO Kim Lopdrup stopped by Yahoo Finance's The First Trade on Tuesday and revealed that their newly opened restaurants in Shanghai and Beijing are both doing well.
"We are thrilled with how the Chinese consumers are embracing Red Lobster," Lopdrup told Yahoo Finance's Brian Sozzi. "If you look on Dianping, which is their version of Yelp or TripAdvisor, ratings are off the charts. We think we can build a very big business in China...
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