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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

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Alfred Montaner

What Bridge ! Black Diamond 52 Mti Wide Open ! (Biscayne Bay Fishing)

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Where in the World is cL

KEY LARGO WASN'T WHAT I EXPECTED.

⏲ 7 minutes 20 seconds 👁 24.2K

The Radisson Blu Hotel, on Pinstone Street, opposite the Peace Gardens, will have a rooftop restaurant and bar called the Governor Gupta

Opening date approaches for new Sheffield city centre hotel

⏲ 0:37 👁 7.5M

Leonard Shea

10 REASONS WHY PEOPLE LOVE KEY LARGO FLORIDA USA

⏲ 6 minutes 16 seconds 👁 7.5K

BusyTraveling

KEY LARGO - Epic Adventures In Paradise

⏲ 8 minutes 24 seconds 👁 26.2K

Get ready to dive into the antics and heartfelt moments with the beloved Conner family in Season 6 Episode 12 of ABC's comedy series, The Conners crafted by the talented Matt Williams. Join the iconic cast including John Goodman, Laurie Metcalf, Sara Gilbert and more as they navigate the trials and triumphs of everyday life with humor, wit, and a whole lot of heart. Tune in to catch all the laughter and love as The Conners continues to deliver its signature blend of humor and poignant storytelling. Catch the latest episode streaming now on ABC!<br/><br/>The Conners Cast:<br/><br/>John Goodman, Laurie Metcalf, Sara Gilbert, Katey Sagal, Lecy Goranson, Michael Fishman, Emma Kenney, Jayden Rey, Jay R. Ferguson and Ames McNamara<br/><br/>Stream The Conners Season 6 now on ABC and Hulu!

Sneak Peek at ABC's Beloved Comedy The Conners

⏲ 1:6 👁 14.2M

David Pollock

28 Florida Keys Bars in 6 Days

⏲ 25 minutes 1 second 👁 173.4K

The Katie Show Blog

The Absolute Best Things To Do When You Visit Key Largo

⏲ 4 minutes 23 seconds 👁 15.8K

Watch this classic \

It's a Date on the Hit Series The Big Bang Theory

⏲ 0:54 👁 3.3M

Cooking With Cass

GOOD EATS in KEY LARGO FL | 4 Restaurant ideas including Robbie's of Islamorada

⏲ 4 minutes 2 seconds 👁 7.8K

The Key Largo Dude

One of the Most Iconic Drone Shots in the Keys, Gilbert's Resort Sunset Flight

⏲ 2 minutes 26 seconds 👁 2.7K

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