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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 👁 116.1M

ILL NINO

ILL NIÑO - \"This Is Over\" (Official Music Video)

⏲ 3 minutes 26 seconds 👁 139.1K

Good Company with Bowling

Cristian Machado - Lions at the gate, ill nino - Good Company with Bowling

⏲ 33 minutes 2 seconds 👁 38.8K

This Day in History: , Donna Summer, Queen of Disco, Dies.<br/>May 17, 2012.<br/>The 63-year-old singer and <br/>songwriter died in Naples, FL, <br/>from non-smoking related lung cancer.<br/>The disco diva rose to fame <br/>in the 1970s, with hits like<br/>\

This Day in History: Donna Summer, Queen of Disco, Dies

⏲ 0:53 👁 12.9M

ILL NINO

ILL NIÑO - \"All Or Nothing\" feat. Sonny Sandoval of P.O.D. (Official Music Video)

⏲ 5 minutes 5 seconds 👁 309.8K

madrom12

Ill Nino - Tracking \"The Alibi of Tyrants\"

⏲ 9 minutes 55 seconds 👁 45.7K

Céline Dion: Singer gives her fans good news about her health saying she is going through therapy from ill nino singer

Céline Dion: Singer gives her fans good news about her health saying she is going through therapy

⏲ 1:2 👁 144.5M

ILL NINO

ILL NIÑO - \"Numb 2023\" (Official Music Video)

⏲ 4 minutes 5 seconds 👁 28.4K

ILL NINO

Ill Niño - Live Like There's No Tomorrow

⏲ 4 minutes 28 seconds 👁 326.6K

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today. from ill nino singer

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today.

⏲ 3:45 👁 21.3M

Eliteliverpool

Ill Nino - how can i live (lyrics)

⏲ 3 minutes 34 seconds 👁 206K

ILL NINO

Ill Niño - Not Alive In My Nightmare

⏲ 4 minutes 29 seconds 👁 91.9K

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