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Analysts: Thai Union’s Red Lobster investment will continue to hurt it

Three analysts covering the seafood giant believe its stake in Red Lobster will continue to eat away at margins, though other segments' improvement should make up for it

By Neil Ramsden | May 13, 2020 15:30 BST
Lobsterfest 2019 has begun. Image from Red Lobster website.
Lobsterfest image, from Red Lobster website
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Thai Union Group's 25% stake in US restaurant chain Red Lobster Seafood Co is set to go on eating away at its profits, three analysts covering the seafood giant told Undercurrent News [...]

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