Red Lobster owner breaks silence after confirming struggling chain is up for sale and says ‘we’re not expecting much’ ...Middle East

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Red Lobster owner breaks silence after confirming struggling chain is up for sale and says ‘we’re not expecting much’
RED Lobster is up for sale after a loss of over $22 million in 2023, as the owner admits that expectations of the sale are low. The seafood chain has been plagued by issues which peaked last year with its Ultimate Endless Shrimp promotion that saw operation losses of $11 million. GettyRed Lobster has reported losses of $22 million in the last year as its struggles seem set to continue (stock image)[/caption] GettyFollowing a year of huge losses, Thai Union Group CEO Thiraphong Chansiri has given further details on his company’s exit strategy from its investment in the chain[/caption] Thai Union Group which has been a shareholder in Red Lobster for almost eight years announced its

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