Red Lobster Chain Taps AlixPartners for Help With Operations
- Seafood restaurants have racked up losses through this year
- Thai Union CEO said it was considering exiting the chain
A Red Lobster restaurant in New York.
Photographer: Robert Caplin/Bloomberg
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Seafood restaurant chain Red Lobster Management LLC brought in AlixPartners for operational advice as it seeks to address mounting losses, according to people with knowledge of the situation.
The chain, which is owned by seafood producer Thai Union Group Plc, is also getting advice from Guggenheim Partners, which it has worked with previously, said the people, who asked not to be identified because the matter is private.