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Stock Exchange of Thailand (SET)

Coverage of Stock Exchange of Thailand (SET) in the Nexus archive.

Earliest in view: Jun 26 · 20:35 UTCMost recent: Jun 26 · 20:35 UTC

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BUSINESSJun 26 · 20:35 UTCFORTUNE
Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits
Red Lobster's $20 'Ultimate Endless Shrimp' promotion caused significant financial losses, with shareholders alleging Thai Union Group exploited its controlling stake to push the promotion permanently, leading to bankruptcy and lawsuits over $32 million in disputed transactions. The promotion, which became a regular offering in 2023, allegedly prioritized Thai Union's interests as the exclusive shrimp supplier, driving down customer spending per visit.