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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

CNBC-TV18

Byju's Shareholders Approve Rights Issue; CEO Resigns, Founder Takes Over Operations | N18V

⏲ 3 minutes 49 seconds 👁 617

WION

Byju's valuation freefall sparks shareholder push for leadership change | World Business Watch

⏲ 1 minute 35 seconds 👁 1.4K

Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.

Squarespace Agrees to $6.9 Billion All-Cash Deal, Going Private with Permira

⏲ 0:36 👁 680K

Steve Parr

Shareholder's Agreement Explained | Why They're Essential To The Success Of Your Business

⏲ 8 minutes 29 seconds 👁 3.7K

What Is Law Even

Company Law: Shares and Shareholders in 3 Minutes

⏲ 3 minutes 15 seconds 👁 41.2K

Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.

HSBC Shares Drop 3% in Hong Kong Amid Reports of Ping An Insurance Considering Stake Reduction

⏲ 0:39 👁 255K

Quimbee

Business Associations tutorial: Shareholders' Rights and Obligations | quimbee.com

⏲ 1 minute 👁 165

One Minute Economics

Shareholders and Stakeholders Compared in One Minute: Definition Meaning, Explanation and Examples

⏲ 1 minute 2 seconds 👁 37.7K

Retail real estate investment trusts (REITs) own, operate, or finance income-generating retail properties, including shopping centers, malls, strip malls, and other retail spaces, and generate revenue by leasing space to retail businesses. <br/><br/>As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.

These Top Retail REITs Yield Up to 5.4% and Have Been Growing Their Dividends

⏲ 1:33 👁 670K

Professor Capko

What Makes Up Shareholder's Equity?

⏲ 6 minutes 50 seconds 👁 823

SwiftReg Company Registration

Shareholders Agreement Explained

⏲ 8 minutes 10 seconds 👁 5K

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