Struggling US restaurant chain was making ‘a prolonged negative contribution’, says tuna giant
PUBLISHED : 17 Jan 2024 at 11:50
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 (18.8 billion baht) charge as it plans to exit the unprofitable US restaurant chain Red Lobster.
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