_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "Red Lobster Announces Nearly 100 Locations Will Be Shut Down from www ছবিা নায়িকা পপি নেকেটতীর ছ Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 1:31
👁 View: 71.8M times
✓ Published: 15-May-2024
👁 View: 71.8M times
✓ Published: 15-May-2024
Description:
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
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_all-a39s.webp "Wow no Subscribers")
_poland-europes-defence-sentinel.webp "The Ukraine war and uncertainty about future US funding of NATO have rekindled fears about Europe's defence. Witness reporter Valerie Gauriat went to Poland to assess the potential for a spillover of the conflict into other parts of Europe, and to gaugeexpectations of EU and NATO allies.")
_numbers-0-to-aaaa-1-100-v2-0.webp "Akuratchium")
Numbers 0 to A̶̛̩̳̥̮̥͐̔̿̕?̵̢̽̅͛͐̄̄͋̃A̴̢͖̭̜͉̙͇͉̥̒́Á̶͖͇͕A̵̡͔̜̎̈́̿͝?̵̡̤̲̫͈̮̪̫̝͐͑̎̆̃̅̾͒͝A [1 100] [v2.0]
⏲ 5 minutes 20 seconds 👁 125
_aaaaa.webp "☆Halloween is awesome☆")
_discover-21-u-s-places-that-will-remind-you-of-cities-around-the-world-aaa-travel.webp "AAA")
⏲ 50 seconds 👁 762
_usap-tayo-pauleenlunasotto-a-day-in-the-life-of-a-mom-of-two.webp "The 35-year-old actress and former Eat Bulaga! host enjoys a quieter part of the limelight for now because her time and focus are on her family. In this episode of Usap Tayo, #PauleenLunaSotto shares her journey through motherhood, now as a mother of two. #usaptayo #SmartParentingxPauleenLunaSotto #Motherhood")
![[ Super Hot Drama ] Baby Just Say Yes;spoiled by my billionaire husband,billionaire romance,#billionaire,shop like a billionaire,beauty and the billionaire full movie,#action movie,#action movie 2023,#action movie full,#action movie new,#action movies,#movie free,#movie full,#movie on netflix,#movie you,#movies 2023,#movies full,#drama,#hot,#trending,#film hot,#film,#drama film,#drama korean,#drama china,#drama turkey,#movie,#movie hot,#dailymotion,#movie 2023,#2023,#movie 2024,#2024,#Ahsoka TV series,#YouTube,#us,#uk,#songs,#skidibi toilet,#sml,##spider-man,#sam and colby,#sleeping music for deep sleeping,#sidemen,#snl,#sssniperwofl,#salish matter,#spy ninjas,#movies,#videos,#lofilm,#lofilm eng sub,#lofilm movie,#love at first sight,#skibidi toilet,#spider-man,#sssniperwolf,#ssundee,#LOVE AT THE FIRST SIGHT #drama,#chinese drama,#cdrama,#drama short film,#short film,#mym short films,#short films,#uk short films,#crime drama short film,#short film drama,#gang short film uk,#short of the week,#uk short film,#london short film,#gang short film,#amani short film,#drama short film gang,#shorts,#short movie,#love At First Sight,#Married At First Sight](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFSAGHmSwE3EwnTqhZHcgEP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_super-hot-drama-baby-just-say-yes.webp "[ Super Hot Drama ] Baby Just Say Yes;spoiled by my billionaire husband,billionaire romance,#billionaire,shop like a billionaire,beauty and the billionaire full movie,#action movie,#action movie 2023,#action movie full,#action movie new,#action movies,#movie free,#movie full,#movie on netflix,#movie you,#movies 2023,#movies full,#drama,#hot,#trending,#film hot,#film,#drama film,#drama korean,#drama china,#drama turkey,#movie,#movie hot,#dailymotion,#movie 2023,#2023,#movie 2024,#2024,#Ahsoka TV series,#YouTube,#us,#uk,#songs,#skidibi toilet,#sml,##spider-man,#sam and colby,#sleeping music for deep sleeping,#sidemen,#snl,#sssniperwofl,#salish matter,#spy ninjas,#movies,#videos,#lofilm,#lofilm eng sub,#lofilm movie,#love at first sight,#skibidi toilet,#spider-man,#sssniperwolf,#ssundee,#LOVE AT THE FIRST SIGHT #drama,#chinese drama,#cdrama,#drama short film,#short film,#mym short films,#short films,#uk short films,#crime drama short film,#short film drama,#gang short film uk,#short of the week,#uk short film,#london short film,#gang short film,#amani short film,#drama short film gang,#shorts,#short movie,#love At First Sight,#Married At First Sight")
_slovak-prime-minister-fico-shot-and-taken-to-hospital-after-government-meeting.webp "Slovakia's populist PM Robert Fico has been injured in a shooting and admitted to hospital, according to media reports.")
_all-a39s.jpg)
_poland-europes-defence-sentinel.jpg)
_numbers-0-to-aaaa-1-100-v2-0.jpg)
_aaaaa.jpg)
_discover-21-u-s-places-that-will-remind-you-of-cities-around-the-world-aaa-travel.jpg)
_usap-tayo-pauleenlunasotto-a-day-in-the-life-of-a-mom-of-two.jpg)
_super-hot-drama-baby-just-say-yes.jpg)
_slovak-prime-minister-fico-shot-and-taken-to-hospital-after-government-meeting.jpg)
![[+]](/images/menu.gif){kind=small}