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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 👁 46M
Chung Minh
बड़ा खà¥?लासा: Reema Lagoo का निधन, ये है मौत कà¥
⏲ 51 seconds 👁 6
jainudeen jalaludeen
பொன்மான தேடி Enga Oor Rasathi HQ
⏲ 4 minutes 11 seconds 👁 6.7K
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.
Luxury Dining Near The Beach: Curo Restaurant Taste Test | Flavor Profiles
⏲ 3:55 👁 222.8M
DJ SULENDER SS HISAR
म्हारे गाम का पानीMahre Gaam Ka PaniNew Haryanvi Song 2016
⏲ 3 minutes 13 seconds 👁 2K
সীমান্ত মাল্টিমেডিয়া
পাগল আর পাগলী রোমান্টিক কথা1
⏲ 2 minutes 32 seconds 👁 230
The Ukraine war and uncertainty about future US funding of NATO have rekindled fears about Europe's defence. Witness reporter Valerie Gauriat went to Poland to assess the potential for a spillover of the conflict into other parts of Europe, and to gaugeexpectations of EU and NATO allies.
POLAND: EUROPE’S DEFENCE SENTINEL?
⏲ 10:0 👁 645M
Chung Minh
China का राज ख़तà¥?म, à¤à¤¾à¤°à¤¤ में शामिल होने क
⏲ 1 minute 45 seconds 👁 35
sanusunil98
थाकेका ती नजरयस कुमार
⏲ 5 minutes 18 seconds 👁 9.9K
For every fan of Guy Fieri and his bleach-blond haircicles is a gastro grump dropping hate bombs crispier than a hot chicken sando. Here are six chefs who love Guy Fieri, and five who don't.
The Chefs Who Want Nothing To Do With Guy Fieri (& Those Who Love Him)
⏲ 9:9 👁 216M
S K SAPUNIYA
पहाड़ी पर बना बाबा रामदेव जी का à1
⏲ 4 minutes 34 seconds 👁 635
arshazful
राहुल ने किया जनप्रतिनिधि कानून का उल्लंघन
⏲ 2 minutes 54 seconds 👁 27K
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