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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 👁 107.6M

Wealth Club

Meet the manager – Rupert West, Puma VCT 13

⏲ 21 minutes 22 seconds 👁 235

Money Marketing

In Conversation With… David Kaye, CEO of Puma Capital Group

⏲ 29 minutes 41 seconds 👁 10

Anthony Scaramucci, Founder and Managing Partner, SkyBridge Capital, Andrew Yang, Co-chair, Forward Party Moderator: Jeff John Roberts, Fortune

Future of Finance 2024: Biden, Trump and What the 2024 Election Means for Finance

⏲ 17:36 👁 9.5M

Wealth Club

Meet the manager – Rupert West, Puma VCT 13

⏲ 18 minutes 30 seconds 👁 202

The Association of Investment Companies (AIC)

Company case study: Brewhouse & Kitchen, backed by Puma VCTs

⏲ 2 minutes 21 seconds 👁 252

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 4M

BrandTale Saga

The Secret Behind Puma's Multi-Billion Dollar Empire

⏲ 4 minutes 38 seconds 👁 488

Wealth Club

(2017 interview) Puma VCT 13 – Hugh Rogers of Puma Investments

⏲ 9 minutes 43 seconds 👁 315

As the curtain is closing on Jimmy Anderson’s marvellous international cricket career, following the announcement, lets take a look at what the bowler went on to achieve for his country and what legacy he leaves behind as he’s ready to say goodbye.

England cricket great Jimmy Anderson set to call time on illustrious career this summer

⏲ 1:0 👁 20.6M

Ashwin SP

Nike vs Puma using Holt's investment techniques

⏲ 2 minutes 30 seconds 👁 26

NOTWICS

Puma Private Equity Meet Me VC2

⏲ 4 minutes 53 seconds 👁 25

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