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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 👁 47.8M

KSDK News

Panera Bread to open new St. Louis-area location next week

⏲ 15 seconds 👁 1.1K

KSDK News

Bye bye, Bread Co. | Café chain announces Panera rebrand for some locations

⏲ 2 minutes 58 seconds 👁 703

Fiance dumps you, wake up next morning next to a hot escort who might solve your problems.

Escorting The Heiress (2024)

⏲ 1:20:55 👁 188.8M

CBS Philadelphia

Panera Employee Fired Over Viral Video Of Frozen Mac & Cheese

⏲ 40 seconds 👁 405.5K

Harvard Business School

The Overnight Baker

⏲ 1 minute 59 seconds 👁 32K

A family swapped city life to live off-grid in the desert by buying five acres of land from Facebook Marketplace for $7,500.<br/><br/>Zani Sunshine, 43, grew up dreaming of living on a large plot of land.<br/><br/>Her and her husband Yaseen, 43, a carpenter, didn’t want to be stuck in their home in Atlanta, Georgia when the pandemic hit.<br/><br/>They made the quick decision to trade in their car for a truck to tow their trailer and travelled with Zani’s son, 11, until they found the perfect location.

Family live off-grid in the desert after buying land from Facebook Marketplace

⏲ 3:8 👁 24.5M

Panera Bread

Day-End Dough-Nation® | Panera Bread

⏲ 31 seconds 👁 9.6K

Nick DiGiovanni

Tasting Panera’s $22.99 Lobster Roll

⏲ 6 minutes 24 seconds 👁 978.6K

Johor police have rescued 13 women who had been duped into the flesh trade following promises of jobs in Johor as maids or factory workers.<br/><br/>State police chief Comm M. Kumar said that the women, aged between 22 and 49 were rescued in raids at five different locations in Johor Baru and Kulai from April 21 to April 28.<br/><br/>Six suspects aged between 24 and 50 were detained; a local man and woman as well as two foreign men and two foreign women.<br/><br/>Read more at https://shorturl.at/arGXZ<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Johor cops rescue 13 foreign women duped into prostitution

⏲ 4:48 👁 6.7M

The Takedown Twins

STARBUCKS VS PANERA | Who Has The Better Bakery?

⏲ 32 minutes 14 seconds 👁 29.2K

We Tried Panera's Popular Menu Items So You Know What To Order

⏲ 12 minutes 16 seconds 👁 34.4K

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