REPORT: Thai Union Considering Exiting Red Lobster Investment
Bloomberg is reporting that Thai Union is “considering an exit from its loss-making Red Lobster unit.”
Thai Union announced back in October 2016 that they made a $575 million investment in the seafood restaurant, with Golden Gate Capital remaining the majority owner and retaining operational control of Red Lobster.
“Red Lobster is an iconic brand, with a leading market position in seafood casual dining and a world class management team, and has delivered strong performance since Golden Gate acquired the company in 2014,” Thai Union Group CEO Thiraphong Chansiri...
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