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✓ Published: 15-May-2024
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✓ Published: 15-May-2024
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Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.<br/>NBC reports that approximately 99 Red Lobster locations <br/>will be auctioned off as the seafood chain faces <br/>questions regarding the company's long-term future.<br/>Founder and CEO of the liquidation firm TAGeX Brands, <br/>Neal Sherman, said he would lead the closure of over <br/>50 locations in a May 13 LinkedIn post.<br/>Sherman said equipment from the <br/>locations will be auctioned off.<br/>Locations will reportedly be closed across <br/>the United States, including Denver, <br/>Indianapolis, California and New York.<br/>On May 14, Restaurant Business Magazine reported <br/>a total of 99 locations would close, representing <br/>about 15% of the company's 700 locations. .<br/>NBC reports that the largest seafood <br/>restaurant in the U.S. has struggled with debt, <br/>unfavorable leases and executive turnover.<br/>The chain's troubles also stem from ill-advised <br/>strategies like an all-you-can-eat-shrimp promotion <br/>in 2023 that resulted in a significant loss.<br/>Earlier in 2024, the chain's largest investor, <br/>Thai Union, announced that it would <br/>seek to exit its position. .<br/>The combination of Covid-19 pandemic, <br/>sustained industry headwinds, higher <br/>interest rates and rising material and <br/>labor costs have impacted Red Lobster, <br/>resulting in prolonged negative <br/>financial contributions to <br/>Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.<br/>After detailed analysis, we have <br/>determined that Red Lobster’s <br/>ongoing financial requirements <br/>no longer align with our capital <br/>allocation priorities and <br/>therefore are pursuing an exit <br/>of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
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_mulching-tips-for-your-gardening-hobby.webp "Mulching Tips , for Your Gardening Hobby.<br/>Adding mulch to a garden has a variety of benefits, from maintaining moisture levels to keeping the weeds out.<br/>Perhaps most importantly, mulch can make the soil of your garden better.<br/>Mulch plays a big part in <br/>growing better soils, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>Mulching is a way to continue that <br/>process on a natural scale, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>Experts say that mulching is a way to recreate the natural and slower soiling processes that occur in forests.<br/>In a forest, there’s no big heap, just a layer of an inch or two or three, breaking down and returning to the system, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>With mulching, it's good to think in the long term and to trust that the process will continually improve your garden over the span of several cycles.<br/>Every year that you are adding mulch, you are creating additional soil, and your soil will be better, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>Most people don’t want to put down something that breaks down quickly, because you have to do it again and again, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>But if you take the attitude that you’re growing the soil, maybe you’ll think differently. It’s hard for soil microbes to chew on <br/>big chips, Dr. William C. Fonteno, North Carolina <br/>State University, via 'The New York Times'.<br/>Therefore, mulch should be applied sparingly and practically rather than in heaping piles or decoratively.<br/>Horticulturists say that the ingredients of a good organic mulch can include leaves, the leftovers of cut grass, straw and even wood chips and bark.<br/>Grass and leaves will decompose quickly, whereas bits of wood mulch will take longer.<br/>Bits of mulch that take longer to decompose allow your soil to maintain proper nitrogen levels, which is beneficial if you don't wish to add fertilizer")
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