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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")
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![Shaitaan (transl. Devil) is a 2024 Indian Hindi-language supernatural horror film directed by Vikas Bahl and produced by Devgn Films, Jio Studios and Panorama Studios.[5] The film, a remake of the 2023 Gujarati film Vash, stars Ajay Devgn, R. Madhavan, Jyothika, Anngad Raaj and Janki Bodiwala, who reprised her role from the original film.[6][7] A family finds trouble when their daughter falls under the spell of black magic, cast by a stranger, and they set out to stop the possession and uncover the stranger's motives.](https://cdn1.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFUSmAwSwE3ywqzkmG0WPAl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_shaitaan-2024.webp "Shaitaan (transl. Devil) is a 2024 Indian Hindi-language supernatural horror film directed by Vikas Bahl and produced by Devgn Films, Jio Studios and Panorama Studios.[5] The film, a remake of the 2023 Gujarati film Vash, stars Ajay Devgn, R. Madhavan, Jyothika, Anngad Raaj and Janki Bodiwala, who reprised her role from the original film.[6][7] A family finds trouble when their daughter falls under the spell of black magic, cast by a stranger, and they set out to stop the possession and uncover the stranger's motives.")
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