Thai Union is investing $575 million (€515.6 million) in US-based Red Lobster, the world’s largest seafood restaurant company. 

Golden Gate Capital will remain majority owner and retain operational control of Red Lobster.

"This investment marks a strategic step to build Thai Union’s direct-to-consumer channel, and will enable us to benefit from the extensive restaurant industry expertise of both the Red Lobster management team and Golden Gate," said Thiraphong Chansiri, CEO of Thai Union Group.

"We have worked closely with Red Lobster for over two decades and are highly supportive of the strategy Red Lobster has implemented under Golden Gate’s ownership.