_red-lobster-shuts-down-40-restaurants-124-is-the-food-chain-filing-for-bankruptcy-protection-preview-1.jpg "Red Lobster shuts down 40 restaurants | Is the food chain filing for bankruptcy protection? from we restaurant fleet Video Screenshot Preview 1")
Gallery_red-lobster-shuts-down-40-restaurants-124-is-the-food-chain-filing-for-bankruptcy-protection-preview-3.jpg "Red Lobster shuts down 40 restaurants | Is the food chain filing for bankruptcy protection? from we restaurant fleet Video Screenshot Preview 3")
Gallery_red-lobster-shuts-down-40-restaurants-124-is-the-food-chain-filing-for-bankruptcy-protection-preview-hqdefault.jpg "Red Lobster shuts down 40 restaurants | Is the food chain filing for bankruptcy protection? from we restaurant fleet Video Screenshot Preview hqdefault")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Jump To Video Parts
⏲ Duration: 2 minutes 2 seconds
👁 View: 132 times
Play Audio:👁 View: 132 times
Description:
CTV News
CTV News
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_airborne-07-19-21-waco-aircraft-blue-origin-stratos-716x.webp "Also: MCAS Cherry Point Air Show, Dauntless Air, Astro Doug Hurley Retires, Epic E1000 GXnnANN had received an invite from Waco Aircraft to visit their new HQ in Battle Creek, MI, where they have made serious upgrades and improvements to what had always been a cool little airplane company. New facilities, upgraded capabilities and a very slick new FBO (with enough ramp space for a few Boeings) are but the tip of the iceberg as we toured the production facilities for the Waco YMF-5 classic radial")
_top-10-best-restaurants-in-fleet-virginia.webp "Restaurant Reviews Worldwide")
_top-10-best-restaurants-in-fleet-united-kingdom.webp "Restaurant Reviews Worldwide")
_luxury-dining-near-the-beach-curo-restaurant-taste-test-124-flavor-profiles.webp "We visited Curo Restaurant in La Union to taste some of the food they offer. Located in Curbside Villa, Urbiztondo, this restaurant brings luxury to the local food scene.<br/><br/>Some of what we were able to try are the BBQ chicken salad, a perfect blend of smoky flavors and fresh ingredients. Spam chips, which offer a delightful crunch with every bite, and their special croquettes, lovingly named, Curbside Curo-quettes.<br/><br/>But we can never forget the USDA Angus Ribeye, which was easily the star of the show.<br/><br/>Join us and discover why our restaurant is a must-visit destination in Urbiztondo, La Union.")
_i-read-4-books-library-haul-health-chats-and-updates-124-weekly-vlog.webp "oliviareadsalatte")
⏲ 1 hour 32 minutes 39 seconds 👁 2.2K
_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")
_3-nights-on-pampo-arcadia-is-a-short-cruise-worth-it.webp "Travel Blog Jamie")
_star-wars-rise-of-skywalker-clip-lando39s-fleet-2019-disney.webp "JoBlo Movie Clips")
_airborne-07-19-21-waco-aircraft-blue-origin-stratos-716x.jpg)
_top-10-best-restaurants-in-fleet-virginia.jpg)
_top-10-best-restaurants-in-fleet-united-kingdom.jpg)
_luxury-dining-near-the-beach-curo-restaurant-taste-test-124-flavor-profiles.jpg)
_i-read-4-books-library-haul-health-chats-and-updates-124-weekly-vlog.jpg)
_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg)
_3-nights-on-pampo-arcadia-is-a-short-cruise-worth-it.jpg)
_star-wars-rise-of-skywalker-clip-lando39s-fleet-2019-disney.jpg)
![[+]](/images/menu.gif){kind=small}