How a global seafood giant broke Red Lobster | CNN Business

New York CNN  — 

When seafood conglomerate Thai Union Group became Red Lobster’s leading shareholder in 2020, gaining 49% control of the chain, Red Lobster employees were assured Thai Union would not interfere in key decisions.

Thai Union will “not be involved in Red Lobster’s day-to-day operations, including [its] supply chain standards and processes,” according to a document titled “Seafood Supplier Talking Points” viewed by CNN that was approved by top Thai Union and Red Lobster executives.

“We intend to maintain relationships with all current seafood suppliers,” the talking points said.

Those pledges didn’t

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