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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 👁 99.7M

ih8aloss

QTMM stock review at Investors Hangout

⏲ 3 minutes 43 seconds 👁 89

Investors Hangout

QTMM Stock Live Analysis 02-22-2017

⏲ 2 minutes 40 seconds 👁 93

U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.

US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets

⏲ 0:55 👁 15.1M

ITM TRADING, INC.

Your Money Is Absolutely Worthless - Todd “Bubba” Horwitz says manipulation aimed at devaluing USD.

⏲ 6 minutes 8 seconds 👁 3.3K

maneco64

The Silver Deficit and the Coming Squeeze. Consumption Is Massively Exceeding Mine Production.

⏲ 40 minutes 57 seconds 👁 4.2K

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and what sent shares of Walmart soaring.

Walmart stock hits all-time high

⏲ 1:39 👁 9M

The Market Huddle

MH+ Ep.38 Schumpeter's Dream (guest: Paul Krake)

⏲ 44 minutes 29 seconds 👁 592

Peter St Onge, Ph.D.

De-Dollarization Accelerates - Gold Benefits

⏲ 3 minutes 32 seconds 👁 1.1K

Reddit and OpenAI announce a partnership that will give OpenAI's ChatGPT access to Reddit data. The new partnership will also enable Reddit users to use new AI-powered features.

Reddit Stock Pops On Partnership With OpenAI: The Details

⏲ 0:55 👁 7.9M

Think with Bookmap

Live 🌞 NQ Futures on Bookmap TTWTradeFinder & TrendAnalyzer are sponsored products by ttwtrader.com.

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Value Research

Should you invest in multi-asset funds?

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