▲ 226 ▼ Red Lobster files for bankruptcy, restaurants will stay open (www.nbcnews.com) submitted 2 years ago by tal@lemmy.today to c/news@lemmy.world 55 comments fedilink hide all child comments
[–] ShepherdPie@midwest.social 22 points 2 years ago (1 child) How is their shrimp supplier determining what promotions they run and when? permalink fedilink source parent hideshow 2 child comments replies: [–] CraigeryTheKid@lemm.ee 6 points 2 years ago (2 children) yeah that part confused me too. is a supplier an owner too? permalink fedilink source parent hideshow 4 child comments replies: [–] flicker@lemmy.world 20 points 2 years ago The Thai Union owns 49% of the stock. That shouldn't be enough to control the company, but the fact that "none" of the C suite agreed with getting rid of the other suppliers but it happened anyway? permalink fedilink source parent [–] catloaf@lemm.ee 7 points 2 years ago Maybe. Perhaps Thai Union was going for vertical integration and wanted to have control of the fried shrimp lifecycle all the way to your mouth, but bit off more than they could chew. permalink fedilink source parent
[–] CraigeryTheKid@lemm.ee 6 points 2 years ago (2 children) yeah that part confused me too. is a supplier an owner too? permalink fedilink source parent hideshow 4 child comments replies: [–] flicker@lemmy.world 20 points 2 years ago The Thai Union owns 49% of the stock. That shouldn't be enough to control the company, but the fact that "none" of the C suite agreed with getting rid of the other suppliers but it happened anyway? permalink fedilink source parent [–] catloaf@lemm.ee 7 points 2 years ago Maybe. Perhaps Thai Union was going for vertical integration and wanted to have control of the fried shrimp lifecycle all the way to your mouth, but bit off more than they could chew. permalink fedilink source parent
[–] flicker@lemmy.world 20 points 2 years ago The Thai Union owns 49% of the stock. That shouldn't be enough to control the company, but the fact that "none" of the C suite agreed with getting rid of the other suppliers but it happened anyway? permalink fedilink source parent
[–] catloaf@lemm.ee 7 points 2 years ago Maybe. Perhaps Thai Union was going for vertical integration and wanted to have control of the fried shrimp lifecycle all the way to your mouth, but bit off more than they could chew. permalink fedilink source parent