Bangkok Post – Exit From Red Lobster brings record loss to Thai Union

Thai Union Group Plc, one of the world’s biggest seafood processors, posted a record quarterly loss after writing off investment in its Red Lobster restaurant unit.

The company, which also controls the Chicken of the Sea brand, reported a net loss of 17.2 billion baht in the fourth quarter, compared with a net profit of 1.24 billion in October-December a year earlier. Shares fell…