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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 👁 68.9M

20. Cat TV Hours of Close-up Birds feeding - NO Interruptions #CATTV

⏲ 3 hours 44 minutes 54 seconds 👁 239.3K

Closeup India

Closeup New TVC Rs. 20 Pack 2023

⏲ 20 seconds 👁 74.4K

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva and Ishaan will separate, Savi will be happy. Suryaprakash Sir helped Savi, why did Ishaan get angry? Savi will now become an IAS officer, Ishaan will be surprised. For all Latest updates on Gum Hai Kisi Ke Pyar Mein please subscribe to FilmiBeat. Watch the sneak peek of the forthcoming episode, now on hotstar. <br/> <br/>#GumHaiKisiKePyarMein #GHKKPM #Ishvi #Ishaansavi <br/><br/>~PR.133~ED.140~HT.318~

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva और Ishaan होंगे अलग, Savi होगी खुश। Filmibeat

⏲ 3:13 👁 21M

Small Town Hunting

Turkey Up Close With 20 Gauge! | Smalltown Life

⏲ 11 minutes 2 seconds 👁 15.3K

Richard Miller

Close up of Oklahoma's May 20, 2013 F5 Tornado

⏲ 2 minutes 48 seconds 👁 1.6M

Serbia applied for European Union membership in 2009 and was accepted as an official candidate country in 2012 but since then little progress has been made towards joining the bloc with Aleksandar Vučić’s government accused of democratic backsliding.

Is Serbia sliding towards authoritarianism or closer to EU membership?

⏲ 2:25 👁 20M

Never before seen close-up footage of the Moore EF-5 tornado of May 20 2013. In the edge of it.

⏲ 9 minutes 37 seconds 👁 14.9K

5 Scariest Tornado Videos from Up Close (Vol. 20)

⏲ 18 minutes 20 seconds 👁 6.6K

Gum Hai Kisi Ke Pyar Mein Spoiler: Suryaprakash Sir's entry in Savi's life, Fans get happy. Savi will now become an IAS officer, Ishaan will be surprised. For all Latest updates on Gum Hai Kisi Ke Pyar Mein please subscribe to FilmiBeat. Watch the sneak peek of the forthcoming episode, now on hotstar. <br/> <br/>#GumHaiKisiKePyarMein #GHKKPM #Ishvi #Ishaansavi<br/>~HT.97~PR.133~

Gum Hai Kisi Ke Pyar Mein Spoiler: Savi की जिंजगी में Suryaprakash Sir की Entry से खुश हुए Fans

⏲ 3:4 👁 9.5M

HD Melbourne Aviation

20 SUPER CLOSE UP TAKEOFFS | A340 A380 B787 | Munich Airport Plane Spotting [MUC EDDM]

⏲ 23 minutes 16 seconds 👁 182.1K

Cutting Close-Up | ASMR

⏲ 8 minutes 4 seconds 👁 2.9M

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