Thai Union Group CEO Thiraphong Chansiri has been touring Red Lobster restaurants across the United States as part of an effort to fix the struggling chain and stem the millions in losses the Thai giant has suffered since buying into the franchise.
The group's third-quarter financial results, released earlier this week, show that for the first nine months of 2022, Thai Union's share of losses associated with the restaurant chain amounted to THB 1.2 billion (€32 million/$31 million), indicating total losses of more than $124 million (€126 million) for Red Lobster.
