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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 👁 109.5M

Los Angeles Times

The 1971 Sylmar earthquake profoundly affected how California responded to such risks

⏲ 4 minutes 55 seconds 👁 15.7K

NBCLA

Footage of Destruction in the Aftermath of the 1971 Sylmar Earthquake | From the Archives | NBCLA

⏲ 18 minutes 57 seconds 👁 13.1K

The Roast of Tom Brady (also billed as The Greatest Roast of All Time: Tom Brady) is a celebrity roast special that aired on the streaming service platform Netflix.[1] Former American football quarterback Tom Brady of the New England Patriots and the Tampa Bay Buccaneers served as the night's roastee with many celebrities in attendance, in addition to comedians, former teammates and former Patriots Head Coach Bill Belichick. The show was hosted by Kevin Hart and \

The Roast of Tom Brady (2024)

⏲ 3:4:13 👁 51.9M

British Movietone

San Fernando Earthquake - 1971 | Today In History | 9 Feb 17

⏲ 2 minutes 36 seconds 👁 8.2K

FOX 11 Los Angeles

What We've Learned 50-years after the Sylmar Earthquake

⏲ 4 minutes 59 seconds 👁 708

On Tuesday, Gov. Gavin Newsom (D-CA) delivered remarks about the mental health system in California. <br/><br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

Gov. Gavin Newsom Delivers Remarks About California’s Mental Health System

⏲ 1:3:20 👁 5.4M

TheEarthquakeChannel

San Fernando Valley Sylmar Earthquake (1971)

⏲ 27 minutes 54 seconds 👁 179.8K

EarthquakeAuthority

CEA Looks Back: The 1971 San Fernando Earthquake

⏲ 2 minutes 52 seconds 👁 1.9K

Firefighters were called to rescue a dog - who got stuck in a wall.<br/><br/>The pooch made its way in through a plumbing access door and couldn't get back out again.<br/><br/>Named Faye, the pet's family tried to coax it out but had no luck.<br/><br/>So they called in firefighters in Garden Grove, California, to help.<br/><br/>Footage shows the emergency service workers using a sledgehammer to chip away the wall.<br/><br/>Faye is eventually freed and trots away.<br/><br/>The video was filmed on May 12.

Firefighters called to rescue dog - who got stuck in wall

⏲ 1:13 👁 4.8M

Movieclips

Earthquake (1974) - Destroying Los Angeles Scene (2 10) | Movieclips

⏲ 4 minutes 57 seconds 👁 203.4K

On Demand News

Terrifying Moment 7.1 Magnitude Earthquake Shakes Southern California

⏲ 1 minute 20 seconds 👁 1.1M

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