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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 👁 106.7M

Manorama News

Dr. Varghese Kurian|

⏲ 1 minute 48 seconds 👁 6.3K

Manorama News

Dr. Varghese Kurian

⏲ 3 minutes 18 seconds 👁 1.3K

Employers have a final grace period until May 31 to voluntarily contribute to the Social Security Organisation (Socso) before penalties will be imposed for non-compliance.<br/><br/>Socso chief executive Datuk Seri Dr Mohammed Azman Aziz Mohammed urged companies to register as soon as possible to avoid fines during enforcement, which will start in June via Ops Kesan.<br/><br/>Read more at https://tinyurl.com/52hy5dwk<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>

Employers given til May 31 to register with Socso to avoid facing fines

⏲ 3:38 👁 31.5M

Harshit Dwivedi Education

Dr. Varghese Kurien, Milkman Of India, Father Of White Revolution, Amul The Taste Of India

⏲ 9 minutes 42 seconds 👁 4.2K

Dr. Varghese Kurian profile

⏲ 6 minutes 44 seconds 👁 385

Ilya Sutskever, co-founder and chief scientist of OpenAI, is officially leaving the company. Sam Altman, CEO of OpenAI, announced Sutskever's departure and thanked him for his contributions to founding OpenAI and advancing its mission. Jakub Pachocki, director of research at OpenAI, will replace Sutskever as chief scientist. Sutskever said he would be working on a personally meaningful project, which he would announce details on later. Sutskever was involved in a failed coup last year to remove Sam Altman from his role at OpenAI.

OpenAI Co-Founder and Chief Scientist Ilya Sutskever Steps Down, Leaves Company

⏲ 0:34 👁 2.4M

Manorama News

Dr. Varghese Kurian

⏲ 1 minute 28 seconds 👁 828

WildFilmsIndia

Verghese Kurien on success of Amul: Nobody becomes strong unless he battles

⏲ 9 minutes 49 seconds 👁 15.3K

CLEVELAND -- Jaylen Brown scored 28 points, helping the Celtics bounce back and secure a 106-93 victory over the Cleveland Cavaliers on Saturday night, giving Boston a 2-1 lead in the Eastern Conference semifinals.<br/><br/>“We don’t come to Cleveland for the weather, so let’s go,” Brown commented after shooting an impressive 13 of 17 from the field. He emphasized the simplicity of their strategy, saying, \

Is Jaylen Brown the LEADER of the Celtics?

⏲ 7:29 👁 2.5M

Green Signature Organics

എന്താണ് ഭക്ഷണം?

⏲ 1 hour 19 minutes 31 seconds 👁 11.3K

Green Signature Organics

ഭക്ഷണത്തിന് പിന്നിലെ ഭക്ഷണം

⏲ 1 hour 11 minutes 11 seconds 👁 7.6K

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