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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 👁 111.8M

Rotten Tomatoes Coming Soon

The Founder Movie CLIP - Real Milk (2017) - Michael Keaton Movie

⏲ 50 seconds 👁 198.5K

Rotten Tomatoes Coming Soon

The Founder Movie CLIP - Milkshake (2017) - Michael Keaton Movie

⏲ 2 minutes 4 seconds 👁 494.6K

The Last 72 Hours of Lynyrd Skynyrd Documentary Movie Trailer HD - Plot synopsis: At the height of their fame in 1977, tragedy struck when the popular southern rock band, Lynyrd Skynyrd, were victims of a plane crash that killed several of the group’s members and staff, including founder Ronnie Van Zant. Now, three survivors give their first-hand accounts of their wild times with the band before that devastating event.<br/><br/>Featuring never-before-seen archive footage of life with the band, further tales and memories are brought to life by dramatic and high-end CG animations.

The Last 72 Hours of Lynyrd Skynyrd Documentary Movie

⏲ 1:21 👁 37.7M

JohnnyFrickinRico

The Founder- One thing that make's McDonalds special -it's the name glorious name-Michael Keaton

⏲ 3 minutes 31 seconds 👁 1.9K

Art Sparnacul

The Founder (Example of LEAN technologies)

⏲ 5 minutes 31 seconds 👁 558.7K

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

Clip Empire

Ray Kroc Visits McDonald's for the First Time | The Founder

⏲ 5 minutes 38 seconds 👁 449.6K

THESSALONIAN31N

The Founder Real Estate Business Scene

⏲ 5 minutes 19 seconds 👁 178.7K

Beatrice Dixon | My Five Minute Face | Marie Claire

⏲ 8:41 👁 3.6M

Clip Empire

Pitching the Franchise Idea to the McDonald's Brothers | The Founder

⏲ 3 minutes 58 seconds 👁 86.3K

Clip Empire

Finding New Franchisees for the McDonald's Empire | The Founder

⏲ 6 minutes 38 seconds 👁 57.8K

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