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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 👁 114.9M

Mir's Entertainment

Behind the seen | Bangla natok | Farhan ahmed jovan | tasnia farin |

⏲ 40 seconds 👁 37.2K

Niloy Alamgir Shorts

ঝাল মুড়ির দৃশ্য করতে গিয়ে কত হাসাহাসি | Niloy Alamgir | Heme | Natok

⏲ 3 minutes 10 seconds 👁 545.2K

Tony Munro on defensive effort to shut down Hamilton in rain

Hunter Rugby - Merewether coach Tony Munro

⏲ 0:35 👁 1.3M

Rtv Drama

Bondho Janala | Closed window Manoj Pramanik | Sharlin Farjana | Bangla New Natok 2022 | Rtv Drama

⏲ 42 minutes 23 seconds 👁 985.9K

G Series Bangla Natok

Kotha Bondhu | Full Drama | কথা বন্ধু | Yash Rohan | Keya Payel | New Bangla Natok 2024

⏲ 43 minutes 42 seconds 👁 461.8K

Anthony Albanese was a long way from PM when as a party official he was sent to sort out an internal Labor Party dispute in the 1994 mayoral election at Leichhardt Council. Film-makers Bob Connolly and Robin Anderson captured the moment Albanese shut down their otherwise access-all-areas cameras

The infamous scene in Rats in the Ranks featuring Anthony Albanese

⏲ 0:15 👁 12.7M

Arafat Cine

Bangla New Natok Behind The Scenes | Niloy Alamgir | Jannatul Sumaiya Himi | New Natok 2022 | BTS

⏲ 1 minute 40 seconds 👁 407.7K

Rangon Entertainment

Bondhu | বন্ধু | Afran Nisho | Mehazabien | New Bangla Natok 2022

⏲ 54 minutes 54 seconds 👁 5M

Svalbard will soon shut its last coal mine, as the Norwegian archipelago aims to end coal production and instead focus on renewable energy. But local miners are set to lose their jobs, meaning the transition won't be easy.

How Norway's Svalbard plans to phase out coal

⏲ 3:39 👁 1.5M

Mahfujur Alam Reemu

Female ||Behind the Scene ||bangla natok|kajal arefin ome

⏲ 22 seconds 👁 66.2K

Rolling

Crazy Boyfriend | Behind The Sense | Musfiq R. Farhan | Keya Payel | Hridoy | Bangla Natok-2020

⏲ 2 minutes 6 seconds 👁 250.9K

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