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Re: JoshTaeger post# 113111

Tuesday, 05/21/2024 3:39:00 PM

Tuesday, May 21, 2024 3:39:00 PM

Post# of 113395
"The relationship with Thai Union 'strained' Red Lobster's supply chain, and Kenny circumvented his company's normal buying processes, Tibus said. Kenny axed two shrimp suppliers 'in apparent coordination with Thai Union and under the guise of a 'quality review,'"

https://www.msn.com/en-us/money/other/red-lobster-bought-a-lot-of-shrimp-from-its-thai-owner-now-the-new-ceo-is-investigating/ar-BB1mMDeW

"The impact of the COVID-19 pandemic, industry headwinds, high interest rates and growing labor and operational costs caused Red Lobster to exert sustained negative pressure on Thai Union’s finances."

https://www.restaurantdive.com/news/thai-union-expects-divestment-red-lobster-end-2024/715752/

An NSI competitor in dire financial straits engaging in anti competitive behavior... nothing to see here.
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