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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
⏲ 1:31 👁 33.6M
China on Monday, May 13, denied the Philippines’ allegation that it was building an artificial island in the disputed South China Sea waters.<br/><br/>The Philippine Coast Guard said on Saturday that it had deployed a ship to deter what it called reclamation activities by China on Sabina Shoal, an atoll of the contested Spratly archipelago.<br/><br/>Chinese Foreign Ministry spokesperson Wang Wenbin refuted the claim as “groundless” and “fabricated” at a daily news briefing in Beijing.<br/><br/>Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin<br/><br/>Visit our website at http://mb.com.ph<br/>Facebook: https://www.facebook.com/manilabulletin <br/>Twitter: https://www.twitter.com/manila_bulletin<br/>Instagram: https://instagram.com/manilabulletin<br/>Tiktok: https://www.tiktok.com/@manilabulletin<br/><br/>#ManilaBulletinOnline<br/>#ManilaBulletin<br/>#LatestNews<br/>
⏲ 0:33 👁 50.3M
A band of rain will slowly and sporadically shift northeastwards through the day, reaching eastern and northern parts of the UK, with locally heavy bursts in places.Elsewhere, tending to brighten up with some sunshine but also scattered showers, potentially heavy across parts of southwest England. Much cooler across eastern England – This is the Met Office UK Weather forecast for the morning of 14/05/24. Bringing you today’s weather forecast is Honor Criswick
⏲ 2:5 👁 29.6M
Dramatic dashcam footage shows the moment a lorry driver smashed into a broken-down horsebox, killing a horse.
⏲ 0:30 👁 28.1M
Isabel found herself reluctantly married to a stranger named Jared. As Isabel navigated her new life at work, she unexpectedly fell deeply for her boss-the billionaire Lorenzo Bellini.
⏲ 1:22:7 👁 36.2M
Airline seats have been getting smaller and smaller over the years. It's all about fitting more people in and maximizing profits for the airlines. Plus, with the rise of budget airlines, they're all about squeezing as many seats as possible onto each plane. And let's not forget about those fancy new slimline seats—they might look sleek, but they're not exactly comfy. So yeah, it's a combination of airlines wanting to pack in more passengers and save on costs that's led to our current cramped flying experience.<br/><br/><br/>#brightside <br/><br/>Animation is created by Bright Side. <br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/ <br/><br/>Listen to Bright Side on: <br/>Spotify - https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/>Apple Podcast - https://podcasts.apple.com/podcast/idhttps-podcasts-apple-com-podcast-bright-side/id1554898078<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook - https://www.facebook.com/brightside/<br/>Instagram - https://www.instagram.com/brightside.official/<br/>Tik Tok - https://www.tiktok.com/@brightside.official?lang=en<br/>Snapchat - https://www.snapchat.com/p/c6a1e38a-bff1-4a40-9731-2c8234ccb19f/1866144599336960<br/><br/>Stock materials (photos, footages and other):<br/> https://www.depositphotos.com <br/>https://www.shutterstock.com <br/>https://www.eastnews.ru <br/>----------------------------------------------------------------------------------------<br/>For more videos and articles visit: http://www.brightside.me
⏲ 8:43 👁 58.2M
A motorist and a motorcyclist related their harrow experiences of being hit by a tree along Jalan Pinang in Kuala Lumpur during a rainstorm on Monday (May 13) afternoon.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
⏲ 2:10 👁 30.5M
A look ahead to the MLB game between PHILLIES and METS. Your source for scores, previews, recaps, box scores, and more from every Major League Baseball. The schedule is set, and we're ready for some baseball.
⏲ 1:13 👁 38.7M
Motorists probably don't need to be told but the NRMA has found the record-high prices for petrol is starting to take a toll on families already struggling with the rising cost of living. Sydney recorded it's highest average for regular unleaded petrol last month, at two dollars and 23 cents a litre. There's growing pressure from consumers for the government to introduce a cut to the fuel excise.
⏲ 4:24 👁 76.5M
The new rule issues migrants a benefit card for local use, limiting cash withdrawals and banning international transfers.
⏲ 1:38 👁 29.1M
The internet is furious with influencer Haley Baylee following a TikTok she made at The Met Gala.
⏲ 1:7 👁 25.3M
Game 5 of the 2010 series between the LA Lakers and Phoenix Suns presented a crossroads. As time expired, the Lakers had one last chance to win, and in doing so, avoid the infamy of a terrible collapse. The Suns, meanwhile, could force overtime, steal a victory, and perhaps make an unexpected run to the Finals.<br/><br/>Let's visit that moment. Kobe Bryant has the ball. Everyone's mad at (the man formerly known as) Ron Artest. Steve Nash and Jason Richardson just made miracles for the Suns. What's on everyone's mind? What happens next? Before we find out, let's rewind.
⏲ 14:52 👁 103.5M
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