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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

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Sydney Serena

buying my dream wardrobe... online shopping + try-on haul

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Baddie In Business

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Meet the 'yes mum' who \

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Aaron Ramirez

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The Deal Guy

Top 5 Websites To Find The CHEAPEST Online Shopping Deals

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Some egg brands treat their chickens and farmers just right, while others are hiding behind brutal and dangerous practices. Here are the best and worst brands to keep an eye out for.

The Absolute Best & Worst Egg Brands To Buy

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Digital World - Tech Tutorials

9 Best Online Shopping Sites

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How to Get First 100 Online Orders for Your Clothing Brand

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A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total.

I bought a $410 mystery storage unit - it contained $70k of designer clothes

⏲ 1:1 👁 14.3M

Shoponlina

Online shopping Websites in The USA 2023

⏲ 2 minutes 37 seconds 👁 1.7K

The Fashion Verge

6 BRANDS You Should Consider While ONLINE SHOPPING | My Favorite Brands | Men's fashion In Telugu

⏲ 8 minutes 37 seconds 👁 110.8K

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