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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 👁 116.3M

Consumer Warrior

Getting Sued By A Debt Collector? DO THIS FIRST!

⏲ 5 minutes 46 seconds 👁 113.1K

Life With Jazzy Mac

If You Got Sued Debt Collection Agencies Steps

⏲ 10 minutes 42 seconds 👁 18.7K

You've finished your ride so what should you do next? In this video we detail the best post ride tips and tricks. Including what food you should eat after your ride and what stretches you should do.

Cycling Recovery Tips

⏲ 4:54 👁 3.2M

Janine Marsh from Thrifty Family

IMFS Debt Collection -Can You Stop Them?

⏲ 4 minutes 39 seconds 👁 9

Dow Janes - Financial Education

DO NOT Pay Debt Collectors | How to Handle Debt When It’s Gone to Collections

⏲ 10 minutes 28 seconds 👁 184.4K

During a White House press briefing on Friday, John Kirby was asked about the humanitarian pier and the bodies of hostages recovered in Gaza. <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

White House Asked How Recovery Of Bodies Of 3 Hostages In Gaza Impacts Ceasefire Negotiations

⏲ 5:2 👁 1.6M

Alabama Consumer Protection Lawyers

5 things to prove 1692e(8) violation of FDCPA by a debt collector

⏲ 5 minutes 13 seconds 👁 2.5K

The Ramsey Show Highlights

I'm Being Sued By Credit Card Collectors!

⏲ 9 minutes 27 seconds 👁 77.1K

Slovakia's Prime Minister Robert Fico remains in serious condition and it is too soon to say whether he will recover, a deputy prime minister said on Mat 16, a day after an assassination attempt that has sent shock waves across Europe.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Slovak PM's assassin charged with attempted murder, PM recovering but remains critical

⏲ 3:1 👁 10.2M

dobythedog

Lowell & BW Legal debt collectors fail to collect on a statute barred debt. FIGHT BACK!

⏲ 6 minutes 25 seconds 👁 38.2K

The Credit Repair Shop

COURT SUMMONS DIRTY TRICK USED BY 3RD PARTY DEBT COLLECTORS || MIDLAND CREDIT MANAGEMENT

⏲ 9 minutes 22 seconds 👁 3.5K

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