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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
⏲ 1:31 👁 76M
May 20th is the scheduled date of the Fifth Phase of the Lok Sabha Elections. And one of the seats in this crucial contest where voting will take place is the Raebareli Constituency. The Congress, on May 3, announced Rahul as a candidate from Raebareli and loyalist KL Sharma from Amethi, keeping Priyanka as well as Vadra out of the electoral contest. <br/> <br/>Rahul Gandhi is a sitting MP in Kerala's Wayanad, where he is seeking a fresh term alongside Rae Bareli. Rahul represented Amethi from 2004 until 2019. He will face Congress defector and three-time MLC Dinesh Pratap Singh of BJP in Rae Bareli.<br/> <br/>With Rae Bareli going for election,Oneindia Team talks to the locals and gauge the political pulse.<br/> <br/> <br/> <br/>#LokSabhaElections #Raebareli #RaebareliElection #RahulGandhi #VoxPop #Lucknow #RajnathSingh #PMModi #BJPnews #BJP #Congress #INDIAAlliance #Politics #Oneindia #OneindiaNews <br/>~HT.178~PR.282~GR.124~
⏲ 4:51 👁 25.9M
Police are hunting a man who was caught on camera stealing undergarments from a drying rack at a house in Taman Titi Heights, Balik Pulau early last Sunday (May 15).<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 1:12 👁 25.4M
BEHIND THE SCENES: @bini_ph after their opening number at #StarMagicHotSummer2024. The #StarMagicHotSummer2024 party was made possible with assistance from the San Juan, Batangas Municipality and Tourism Office. #PEPNews #NewsPH #entertainmentnewsph <br/><br/>Video: FK Bravo <br/>Edit: Nikko Tuazon<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph
⏲ 0:23 👁 24M
The Portuguese rival repeatedly dropped in on Aussie surfer Willow Hardy, pulling at her board lead, pushing her off her board, and shouting abuse, during the El Salvador ISA World Junior Championship 2024.
⏲ 0:41 👁 30.3M
Apple has released iOS 17.5 for iPhones and iPadOS 17.5 for iPads. It’s a massive deal for those in Europe, but UK users also get a healthy selection of new features.The biggest news of iOS 17.5 is it brings support for iPhone apps downloaded direct from developer websites, but only for people in the European Union.
⏲ 0:45 👁 34.1M
Prime Minister Anthony Albanese announces funding for housing during a visit to Launceston. Video by Aaron Smith (11/5/2024)
⏲ 2:29 👁 41.1M
Canino ready to play at AVC Challenge Cup<br/><br/>For the first time in her career, La Salle's Angel Canino is set to play in the Philippine national seniors women's team that will compete in the AVC Challenge Cup slated from May 22 to May 29 at the Rizal Memorial Coliseum. Canino is joined by La Salle teammates Thea Gagate and Julia Coronel in the national team lineup revealed on Wednesday, May 15, 2024, by the Philippine National Volleyball Federation (PNVF).<br/><br/>Video by Niel Victor Masoy<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br/> <br/>Visit our website at https://www.manilatimes.net<br/> <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook<br/> <br/>Instagram - https://tmt.ph/instagram<br/> <br/>Twitter - https://tmt.ph/twitter<br/> <br/>DailyMotion - https://tmt.ph/dailymotion<br/> <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital<br/> <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify<br/> <br/>Apple Podcasts - https://tmt.ph/applepodcasts<br/> <br/>Amazon Music - https://tmt.ph/amazonmusic<br/> <br/>Deezer: https://tmt.ph/deezer<br/><br/>Tune In: https://tmt.ph/tunein<br/><br/>#themanilatimes <br/>#philippines<br/>#volleyball <br/>#sports
⏲ 2:25 👁 22.8M
Sporadic outbreaks of rain across parts of northern and eastern England including East Anglia. Elsewhere, brighter skies with some sunshine but this may trigger a few showers. Cool along North Sea coasts but warmer inland and towards the west – This is the Met Office UK Weather forecast for the morning of 15/05/24. Bringing you today’s weather forecast is Clare Nasir<br/>
⏲ 1:40 👁 23M
Dr Steve McCabe, politics expert, with analysis of some recent announcements by Sir Kier Starmer.
⏲ 2:0 👁 21.9M
Just how unhealthy is fast food for you? There's one combo meal on the Burger King menu that gives you more calories than you're supposed to have in an entire day! But which one?
⏲ 10:9 👁 23M
The Balearic islands are set to enforce a total prohibition from 9.30pm after problematic drinking and rowdiness in holiday hotspots such as Mallorca and Ibiza.
⏲ 0:41 👁 55.5M
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