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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "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")
_mouth-watering-momos-one-of-the-best-tibetan-restaurant-om-wok-new-tibetan-vlog-124124-nyc.webp "TIBET NYND")
⏲ 16 minutes 25 seconds 👁 4.4K
_best-indian-restaurants-in-nyc.webp "ViewCation")
_glasgow-welcomes-maison-by-glaschu-to-princes-square.webp "Maison by Glaschu is the newest restaurant to open in Princes Square")
_community-rallies-to-help-beloved-nyc-restaurant-owner.webp "PIX11 News")
_must-try-eats-in-nyc39s-most-popular-neighborhood.webp "Here Be Barr")
_39you-ready39-trump-rattles-off-quotes-from-legal-scholars-and-pundits-in-his-defense.webp "In remarks outside his NYC hush money trial, former President Trump read quotes of people defending him.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_how-a-master-chef-runs-new-york39s-most-iconic-new-indian-restaurant-mise-en-place.webp "Eater")
⏲ 13 minutes 53 seconds 👁 1.7M
_the-former-noma-chefs-wild-new-restaurant-124-on-the-line-124-bon-apptit.webp "Bon Appétit")
⏲ 19 minutes 42 seconds 👁 433.3K
_39the-court-won39t-allow-us-to-speak-inside-the-building39-speaker-johnson-rips-trump-hush-money-trial.webp "At a press briefing in NYC, Speaker Johnson slammed the handling of former President Trump's hush money trial.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
'The Court Won't Allow Us To Speak Inside The Building': Speaker Johnson Rips Trump Hush Money Trial
⏲ 1:0 👁 10.8M
_5-of-the-best-indian-restaurants-in-new-york-city.webp "Local NYC")
_100-hours-of-indian-food-in-nyc-full-documentary-indian-street-food-in-new-york-city.webp "Davidsbeenhere")
⏲ 3 hours 49 minutes 7 seconds 👁 666.4K
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