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.

Red Lobster gambled that offering customers all the shrimp they could eat would give the struggling chain a desperately needed boost. Instead, it now blames the deal for its deepening financial woes.

Thiraphong Chansiri, Thai Union Group’s CEO, however, pointed to other factors beleaguering the seafood chain.

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 ...

Red Lobster has filed for bankruptcy and closed a fifth of its restaurants, leaving millions of customers wondering where to get the chain’s famous Cheddar Bay biscuits if the company goes under.

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 ...

The cheddar bay biscuits might be here to stay. Florida-based seafood chain Red Lobster could finally be getting a new owner, with court documents detailing RL Purchaser LLC proposing a $376 ...

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 ...

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 ...