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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 👁 111.5M

Shervin Shares

I Tried Zone 2 Training for 3 Months. This Happened

⏲ 13 minutes 8 seconds 👁 1.2M

Luis Orta

EVERYTHING ABOUT V02 MAX TESTING! | Luis Orta | Administered by Olympic Steeplechaser Val Constien

⏲ 28 minutes 38 seconds 👁 39.2K

Hey, they had it coming! Join Ashley as we look over the times anime characters pulled a fast one over on their so-called allies with explosive results

Top 10 Most Satisfying Anime Betrayals

⏲ 11:57 👁 16.7M

Always Another Adventure

Self Test VO2max - 2 easy methods

⏲ 5 minutes 2 seconds 👁 25.4K

GCN Tech

I Built A £17,000 Bike. WAS It REALLY Worth It?

⏲ 10 minutes 31 seconds 👁 69.2K

Vodafone reports its annual results for the year ended 31 March 2024 tomorrow, in what could be the telco’s last full year of results before a potential merger with rival Three in the coming months.

Everything you need to know about Vodafone's results

⏲ 0:58 👁 26.3M

The Running Channel

How I Improved My VO2 Max in 60 Days 🤯

⏲ 10 minutes 1 second 👁 94.7K

Laura Try

I tried a VO2 max + lactate test - how accurate is my Garmin watch?

⏲ 18 minutes 49 seconds 👁 108.6K

The Lexus UX sets fresh accents in the new copper red exterior color. This finish has a layer a few micrometers thick in which the metal plates are arranged more closely and evenly together, resulting in greater brilliance and deeper shading.<br/><br/>There are a total of twelve colors to choose from, with Fuji white and flame blue being reserved exclusively for the “F SPORT” and “F SPORT Design” models. These features are also available in a two-tone paint finish on request: copper red, flame blue and titanium silver form a harmonious contrast to the black roof and the A and C pillars, which are also in this color.

The new Lexus UX 300h F SPORT Design Preview

⏲ 1:5 👁 6.9M

Flora Beverley

VO2 MAX & LACTATE THRESHOLD TEST | How accurate is Garmin?

⏲ 27 minutes 32 seconds 👁 19.8K

Peter Attia MD

How to increase your VO2 max | Peter Attia and Mike Joyner

⏲ 11 minutes 20 seconds 👁 77.8K

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