Thai Union to book a multimillion-dollar charge for leaving Red Lobster

Thai Union to book a multimillion-dollar charge for leaving Red Lobster

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Struggling UnitedStates diningestablishment chain was making ‘a extended unfavorable contribution’, states tuna giant PUBLISHED : 17 Jan 2024 at 11: 50 The Red Lobster diningestablishment chain has more than 700 branches, most of them in North America. (File image) Thai Union Group Plc, one of the world’s greatest makers of canned tuna, will take a one-time charge of UnitedStates$530 million (18.5 billion baht) as it prepares to exit the unprofitable UnitedStates diningestablishment chain Red Lobster. Thai Union (TU) will book the one-time problems charge in its fourth-quarter revenues, chief execut
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