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.

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

Published 5 May 2020, 14:46Updated 5 May 2020, 14:59

Red Lobster Kim Lopdrup Foodservice coronavirus Thai Union