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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 👁 109.6M

NJ Marketing Inc

Live on Location at K Mobile Canada - NJ Digital Live

⏲ 8 minutes 56 seconds 👁 2

Desert Explorer 302

191 super K mobile new antenna location blowing smoke!

⏲ 3 minutes 31 seconds 👁 119

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 👁 16M

K-Mobile Canada

⏲ 1 minute 19 seconds 👁 10

NJ Marketing Inc

Live on Location at K Mobile Canada - NJ Digital Live

⏲ 10 minutes 44 seconds 👁 2

A spectacular treat awaits Filipino ARMYs and K-pop enthusiasts at the Araneta Center in Quezon City. The B★VERSE BTS, Singing the Stars exhibition is set to run from May 17 to August 15. <br/><br/>Full story: https://www.rappler.com/entertainment/korean-popular-music/what-to-expect-know-btsverse-bts-singing-the-stars-exhibition-quezon-city/

Here’s what to expect in ‘B★VERSE BTS, Singing the Stars’ exhibition in Quezon City

⏲ 0:54 👁 5.1M

NJ Marketing Inc

Live on Location at K Mobile Canada - NJ Digital Live

⏲ 6 minutes 52 seconds 👁 4

Eyezy

How to Track a Cell Phone Location For Free | Eyezy recommends

⏲ 4 minutes 54 seconds 👁 1K

The six-and-a-half tonne Stone of Remembrance has been moved back to its central place at the Australian War Memorial. It was moved aside in 2021 for the rebuild there. Watch how it was done.

Moving the Stone of Remembrance

⏲ 2:17 👁 4.1M

techLink-K

Location Check ✅ || How to Check Location || Mobile k Location Kaise Check kre.

⏲ 1 minute 35 seconds 👁 14

T-Mobile

How to Find an Open T-Mobile Store Near Me

⏲ 1 minute 4 seconds 👁 18.4K

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