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The chain has also paused advertising and implemented a number of cost-cutting moves. Photo: Shutterstock

Red Lobster clings to 'cash preservation' strategy to stay afloat

Thai Union, which owns a stake in the chain, provided details of how the chain is battling for its life.

5 May 2020 14:46 GMT Updated  5 May 2020 14:59 GMT
By John Fiorillo
and Rachel Mutter
Will the coronavirus kill casual-dining seafood restaurants?
 Read more
Analysts sound the alarm on Red Lobster: 'I am not sure how they will recover'
 Read more
Red Lobster CEO: 'Without question the most challenging time in our 52 years of operation'
 Read more

Tuesday's release of Q1 results...

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