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Bangkok Post – Thai Union to book B18.5bn charge for exiting Red Lobster

Struggling US restaurant chain was making ‘a prolonged negative contribution’, says tuna giant

The Red Lobster restaurant chain has more than 700 branches, most of them in North America. (File photo)

Thai Union Group Plc, one of the world’s biggest makers of canned tuna, will take a one-time charge of US$530 million (18.5 billion baht) as it plans to exit the unprofitable US restaurant chain Red Lobster.

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