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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 👁 47M
Rotten Tomatoes Classic Trailers
The River Wild Official Trailer #1 - David Strathairn Movie (1994) HD
⏲ 1 minute 38 seconds 👁 320.6K
JoBlo Movie Clips
THE RIVER WILD Clip - \"Gun\" (1994) Kevin Bacon
⏲ 4 minutes 45 seconds 👁 29.7K
Jake Paul has once again shocked the fighting world with the wild announcement he'll be boxing Mike Tyson on Netflix in a live event. The fight is set for July, and here we are in March with the two already trading jabs over the internet. After seeing them exchange some comments over social media, I can't help but wonder if Paul is making a huge mistake.<br/><br/>There are still quite a few months to go before we get to tune in live with our Netflix subscriptions and see Mike Tyson and Jake Paul throw down, but \
Jake Paul Is Already Trolling Mike Tyson Ahead Of Their Big Fight, And I Think He's Making A Big Mistake
⏲ 1:14 👁 20.7M
TheKillersMusic
This River Is Wild
⏲ 4 minutes 38 seconds 👁 693K
Phuck Yiu
The River Wild (1994) The Gauntlet Scene (edited)
⏲ 6 minutes 5 seconds 👁 8.3K
Fiance dumps you, wake up next morning next to a hot escort who might solve your problems.
Escorting The Heiress (2024)
⏲ 1:20:55 👁 188.5M
JoBlo Movie Clips
THE RIVER WILD Clip - \"Little Niagara\" (1994) Kevin Bacon
⏲ 4 minutes 18 seconds 👁 29.5K
mybranehurtz
The River Wild Alternate Ending
⏲ 2 minutes 23 seconds 👁 50.5K
Langton Street Bridge connects south Bristol with the central area and is one of several bridges over the New Cut section of the River Avon that bisects the city.
A Bristol bridge closed for 18 months: Why is the banana bridge closed?
⏲ 1:0 👁 16.3M
ONE Media
RIVER WILD Trailer (2023)
⏲ 1 minute 30 seconds 👁 343.5K
CBS 8 San Diego
Meryl Streep in The River Wild
⏲ 2 minutes 4 seconds 👁 6.5K
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