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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

⏲ 1:31 👁 115M

a-ha

a-ha - There's Never a Forever Thing (Official Video)

⏲ 2 minutes 56 seconds 👁 9M

a-ha

a-ha - You Are the One (Official Video)

⏲ 3 minutes 51 seconds 👁 14M

An EF-1 tornado touched down near Cypress, Texas, on May 16, shortly before straight-line winds associated with the same storm system tore through Houston.

NWS confirms a tornado touched down northwest of Houston

⏲ 1:8 👁 13.8M

Baku TV | RU

Пресс-конференция Путина по итогам визита в Китай | Полная версия

⏲ 39 minutes 26 seconds 👁 28K

NITIN BHARATH IDEAS

Sarkaar 4 Episode 3 Promo || sudigali Sudheer || Aha || Nbideas

⏲ 3 minutes 43 seconds 👁 469K

The first CuntCinema has been completed and opened for video screening on the 23rd of April 2016 at DEEP TRASH: GREEK TRASH -Bethnal Green Working Men’s Club, London.nThe first screening was:

CUNTCINEMA 2016 || Screening: \

⏲ 9 min 96 sec ✓ 04-May-2016

CBC Sports

2024 Canadian Olympic & Paralympic Swimming Trials: Preliminaries - Toronto - Day 6 | CBC Sports

⏲ 1 hour 48 minutes 10 seconds 👁 368

Телеканал Прямий

🔥ФЕЙГІН: Атака на Вовчанськ змусила США ПЕРЕДУМАТИ! Американська зброя полетить в рф - але є нюанс

⏲ 41 minutes 34 seconds 👁 17.2K

Budget airline easyJet has revealed boss Johan Lundgren will step down in 2025 after seven years at the helm as it reported improved half-year losses. The carrier said Mr Lundgren, who became chief executive in December 2017, will leave early next year and will be succeeded by chief financial officer Kenton Jarvis, who has been with the group since February 2021.

easyJet reveals CEO Johan Lundgren will step down in 2025

⏲ 1:3 👁 24.9M

acrfactor

A Ha -Take on me live in Lisbon @ Rock in Rio. FULL SHOW coming soon

⏲ 5 minutes 14 seconds 👁 707K

aha videoIN

Vidya Vasula Aham | TRAILER | Rahul Vijay | Shivani Rajashekar | PREMIERES MAY 17

⏲ 2 minutes 41 seconds 👁 170.2K

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