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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
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miedemaauctioneering
⏲ 2 minutes 33 seconds 👁 498
miedemaauctioneering
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A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total.
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LASTBIDrealestate
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LASTBIDrealestate
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Ken Goldin and his savvy team run the thrilling action in this series that goes inside a leading auction house specializing in rare collectibles. <br/> <br/>Watch on Netflix: https://www.netflix.com/title/81551496 <br/> <br/>About Netflix: <br/>Netflix is one of the world's leading entertainment services, with 270 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. <br/> <br/>King of Collectibles: The Goldin Touch: Season 2 | Official Trailer | Netflix <br/>https://www.youtube.com/@Netflix
⏲ 1:2 👁 15K
LASTBIDrealestate
⏲ 11 seconds 👁 7
miedemaauctioneering
⏲ 1 minute 3 seconds 👁 56
Meet the couple who have become 'book rescuers' - taking in up to 15,000 titles a week to save them from landfill.<br/><br/>George Brooks, 36, and partner Sarah, 42, started their journey in 2021 when they came into possession of 800 books that were destined for the dump.<br/><br/>They managed to sell that haul successfully and decided to start to taking in more, which they took to parking lots to auction off.<br/><br/>With locals wanting a more permanent location, they then opened a 3,600sq ft warehouse in Pinellas County, Florida where they now regularly take in 5,000 to 10,000 - and up to 15,000 - books a week.<br/><br/>The couple also recycle the books and create various projects and packages that they then sell on to artists, schools and theatres to give them new life.
⏲ 2:56 👁 1.1M
Robert Everett
⏲ 2 minutes 32 seconds 👁 377.5K
oldfarmjunk101
⏲ 1 hour 50 seconds 👁 8.8K
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