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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

Khalid

Khalid - Location (Official Video)

⏲ 3 minutes 42 seconds 👁 288.6M

Khalid

Khalid - Location (Audio)

⏲ 3 minutes 40 seconds 👁 1.6M

Hear from the managers ahead of week 38, the final week of the 23-24 Premier League season, including both title contenders, Manchester City boss Pep Guardiola and Arsenal boss Mikel Arteta and from Liverpool's Jurgen Klopp ahead of his final game in charge<br/>Various Locations, UK

23-24 Premier League Preview - Final Week

⏲ 3:42 👁 8.3M

KAROL G

KAROL G, Anuel AA, J. Balvin - LOCATION (Official Video)

⏲ 4 minutes 30 seconds 👁 245.3M

7clouds

Khalid - Location (Lyrics)

⏲ 3 minutes 40 seconds 👁 21M

Popular national café chain Pret a manger is to open a second location in Worthing after its first branch opened in Worthing town centre last year. This one will be at the BP service station in Brighton Road.

New Pret a Manger to open in Worthing

⏲ 0:6 👁 19.5M

Santan Dave

Dave - Location (ft. Burna Boy)

⏲ 4 minutes 13 seconds 👁 112.5M

MeidasTouch

Trump Gets MERCILESSLY BOOED Before He Even ARRIVES

⏲ 8 minutes 27 seconds 👁 86.8K

Captured at Whitelee Windfarm during the solar storm on the 10th of May, this video immerses viewers in the ethereal beauty of an aurora sighting. <br/><br/>The sky transforms into a celestial canvas, painted with shimmering hues of green, pink, and purple. The wind turbines stand as silent sentinels against the backdrop of this otherworldly spectacle.<br/><br/>This breathtaking display of nature's artistry evokes a sense of wonder and tranquility, capturing the awe-inspiring power and beauty of the cosmos.<br/>Location: Glasgow, United Kingdom<br/>WooGlobe Ref : WGA163566<br/>For licensing and to use this video, please email licensing@wooglobe.com

Aurora Borealis shines bright over Whitelee Windfarm during magical solar storm

⏲ 1:10 👁 2.5M

NEIL SEAN'S DAILY NEWS HEADLINES

AFTER AFRICA - MEGHAN NOW IS THREATENING THIS ? LATEST #royal #news #meghan

⏲ 4 minutes 12 seconds 👁 9.8K

RegisKillbin

EVERY. LOCATION. CARD. This deck wins too much!

⏲ 30 minutes 36 seconds 👁 4.3K

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