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Thai Union to take $530m charge to exit Red Lobster

The charge will be booked in the fourth quarter, said CEO Thiraphong Chansiri

By Undercurrent News | Jan. 17, 2024 17:49 GMT
Credit: Red Lobster
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Thai Union Group will take a one-time charge of $530 million in order to exit its stake in the unprofitable Red Lobster restaurant chain, the Bangkok Post reports.  [...]

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