Will Thai Union's $575 million investment in Red Lobster finally pay off?

Thai Union's $575 million (€516 million) investment in US seafood restaurant chain Red Lobster was one of the largest the Thai seafood giant ever made, and while returns has been elusive, this may be the year it finally pays off, analysts told IntraFish.

In its second quarter earnings report, Thai Union reported its share of income from investments was up to THB 110 million (€3.2 million/$3.6 million), a 150 percent increase year-on-year, particularly due to "the operational recovery from key investments, namely Red Lobster."