August 26, 2020 — Thai Union is looking at refinancing Red Lobster’s loans, reduced rent from landlords, and potentially closing some locations after the restaurant chain posted a USD 18.4 million (THB 579 million, EUR 15.6 million) loss in the fourth quarter.
The record losses were caused by having to close down all 600 dining rooms for a period of time, Thai Union Chief Financial Officer Joerg Ayrle said on an investor conference call.