Thai Union Clears Up Reports About Exiting Red Lobster Investment
Last week Bloomberg reported that Thai Union was considering an exit from Red Lobster. However, Thai Union says that CEO Thiraphong Chansiri’s comments were misconstrued.
“Regarding the recent questions on Thai Union’s strategic investment in Red Lobster, Thai Union would like to reconfirm that Red Lobster is still considered as a valuable opportunity for Thai Union,” the company said in a statement. “In the past few months, Red Lobster’s business performance has been improving and in line with expectations in terms of sales growth, cost of goods sold and...
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