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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 👁 75.9M

BizBooster.Online

ESS VEE INDUSTRIES

⏲ 33 seconds 👁 31

VeeGee Industries

VeeGee Industries - Driving Excellence in Automotive & Engineering Components

⏲ 5 minutes 31 seconds 👁 1.3K

Contractor Warns of , Potential Catastrophe if NASA , Goes Ahead With Scheduled Launch.<br/>IEN reports that a NASA contractor has publicly <br/>urged the space agency to reconsider an <br/>upcoming launch, warning it could end in disaster.<br/>The news comes after the initial launch <br/>of Boeing's Starliner was scrapped as <br/>the result of a leaky valve just last week. .<br/>The news comes after the initial launch <br/>of Boeing's Starliner was scrapped as <br/>the result of a leaky valve just last week. .<br/>NASA has plans to attempt <br/>another launch later this week. .<br/>ValveTech produces valves <br/>and other components for both <br/>aerospace and military applications.<br/>ValveTech produces valves <br/>and other components for both <br/>aerospace and military applications.<br/>The company issued a press release <br/>warning that a second launch <br/>attempt could end in catastrophe. .<br/>The statement from ValveTech <br/>President Erin Faville called for NASA <br/>to re-double safety checks and protocols. .<br/>The failed launch last week would have been <br/>the first human space flight for Boeing but was <br/>scrubbed after a faulty valve was discovered. .<br/>The Associated Press reported that the fluttering oxygen <br/>pressure-relief valve on United Launch Alliance’s Atlas <br/>rocket may have exceeded its 200,000 lifetime cycles. .<br/>The ValveTech statement questions how <br/>NASA, Aerojet and Boeing could have... .<br/>... \

Contractor Warns of Potential Catastrophe if NASA Goes Ahead With Scheduled Launch

⏲ 1:31 👁 9.9M

Crescendo Worldwide Pvt. Ltd.

Testimony By Vee s Vee Industries,India For Crescendo Worldwide

⏲ 32 seconds 👁 51

Dr. Ruffin Viclère Mabiala, PhD

Mali: c'est parti pour au moins 10 ans avec Assimi Goïta; le peuple malien a tranché démocratiquemen

⏲ 12 minutes 50 seconds 👁 507

King Charles and Queen Camilla host the Sovereign’s Garden Party at Buckingham Palace in celebration of the UK’s creative industries. The Garden Party brought together approximately 4,000 representatives across culture, art, heritage, film, TV, radio and fashion. Amongst the attendees was Love Island’s Maya Jama who spoke to His Majesty about the reality show. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

King and Queen host Sovereign’s Garden Party

⏲ 3:16 👁 6.1M

Hakan Şükür

Erden Dursun, Özbek de.. | #Galatasaray gündemi..

⏲ 34 minutes 58 seconds 👁 4K

Itchy Boots

This was not the day I expected.. [S7-E108]

⏲ 29 minutes 2 seconds 👁 148K

One of Northern Ireland’s leading publicans has completed a major renovation of The Whitefort in west Belfast and created 50 new jobs.<br/><br/>Jim Conlon has played a key role in the evolution of Belfast’s hospitality industry and operates some of the city’s most popular venues including Henrys, The Jailhouse and Whites. And now, he has announced the completion of the first phase of a multi-million pound refurbishment programme of the first bar in his extensive portfolio which he opened a decade ago.<br/><br/>The Whitefort has been completely transformed with the £1.5m investment spanning over two floors. The refreshed interior design was developed by hospitality design specialists O’Donnell O’Neill who have helped to reinvent the spaces to present an entirely new customer experience. <br/><br/>The ground floor has been opened up and now includes an extensive island bar, cocktail bar, restaurant booth seating and staging area for live entertainment. Whilst the second floor is now a contemporary sports bar with 11 pool tables, three interactive dart boards, a media wall for live sports, a premier area for private events accommodating from 10 – 200 people and further staging area. Outside boasts a new sun terrace for al fresco dining.<br/><br/>An exciting new food menu using the best of local ingredients has been created by head chef, David Donnelly. A new pouring partnership has been agreed with Molson Coors expanding the drinks offering to include Coors light, Madri, Carling, Rebel Red, Well Hazy, Punk IPA and Rekorderlig Cider.

One of Northern Ireland’s leading pubs reopens after £1.5million investment creating 50 new jobs

⏲ 1:9 👁 9.7M

Family Feud

All 5 #1 answers annihilate Fast Money. 🚀🧨

⏲ 4 minutes 37 seconds 👁 4K

Bloomberg Live

Geopolitics: Navigating the Global Risk Landscape

⏲ 23 minutes 29 seconds 👁 271

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