Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of.

During a presentation to investors in February, Thiraphong Chansiri, the chief executive of Thai Union, expressed frustration with the situation surrounding Red Lobster, saying it had left a ...

Red Lobster's owner, Thai Union, first invested in Red Lobster in 2016 and upped its stake in 2020. In January, the company announced plans to sell its minority stake. CEO Thiraphong Chansiri said ...

Thiraphong Chansiri, the CEO of Thai Union Group. Thomson Reuters "The combination of the Covid-19 pandemic, sustained industry headwinds, higher interest rates, and rising ...

Thiraphong Chansiri, Thai Union Group’s CEO, however, pointed to other factors beleaguering the seafood chain. “The combination of COVID-19 pandemic, sustained industry headwinds, higher ...

When announcing plans to divest in January, CEO Thiraphong Chansiri said the COVID-19 pandemic, industry headwinds and rising operating costs from Red Lobster had resulted in “prolonged negative ...

In the meantime, Red Lobster has about $300 million in debt, some of which is wrapped up in the 3.75 million pounds of shrimp it purchased from its current owner Thai Union Group, according to a ...

When announcing plans to divest in January, CEO Thiraphong Chansiri said the COVID-19 pandemic, industry headwinds and rising operating costs from Red Lobster had resulted in “prolonged negative ...

This year, for the first time, Thai Union CEO Thiraphong Chansiri received the Outstanding CEO award, a significant recognition of his leadership. In addition, Ludovic Garnier, Group CFO , was ...

When announcing plans to divest in January, CEO Thiraphong Chansiri said the COVID-19 pandemic, industry headwinds and rising operating costs from Red Lobster had resulted in “prolonged negative ...

Almost 20 years later, Darden Restaurants sold Red Lobster to Golden Gate Capital in 2014. Thai Union, which previously had a one-fourth stake in the company, bought out Golden Gate's stake in the ...