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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 👁 39.7M
Lirica App - Learn Languages With Music
Nicky Jam x JBalvin - X (EQUIS) Lyrics English and Spanish - TranslationSubtitles
⏲ 2 minutes 58 seconds 👁 85.8K
ÉQUINOXE TV
JOURNAL 20H DU MARDI 14 MAI 2024 ET DÉBRIEF JOURNAL 20H - ÉQUINOXE TV
⏲ 56 minutes 4 seconds 👁 6.1K
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 👁 638.7M
ESPN FC
FULL REACTION: Manchester City DEFEAT Tottenham, Arsenal relying on West Ham for PL | ESPN FC
⏲ 21 minutes 22 seconds 👁 17.1K
RTS - RADIO TÉLÉVISION SÉNÉGALAISE
LE JT 13H DES RÉGIONS – MARDI 14 MAI 2024
⏲ 29 minutes 28 seconds 👁 13K
As the PGA Tour continues to grow and the competition continue to get the very best out of the golfers on display, It was the Northern Irishman Rory Mcilroy who came out on top in the latest tournament, here’s a look back at his latest win on the calendar.
Rory McIlroy says ‘stars are aligning’ with golf form ahead of PGA Championship as he looks to return to Major glory
⏲ 1:0 👁 40.3M
Nona Music
KAROL G, Tiësto - Contigo English Lyrics Translation + Español Letras
⏲ 3 minutes 12 seconds 👁 40.5K
After decades in the biz, Kevin Costner's made a frenemy or two — other than his ex wife. From getting black-balled on set, to raging at his former buds, here's who thinks this award winner's just another baddie.
Celebs Who Can't Stand Kevin Costner
⏲ 5:28 👁 38.6M
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/>
China denies the Philippines' allegation that it is building an artificial island in West Philippine Sea
⏲ 0:33 👁 51.8M
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
Met Office Morning Weather Forecast 14\ 05\ 2024- Cooler and more unsettled in the east
⏲ 2:5 👁 29.8M
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.
I Wish It Were You (2024)
⏲ 1:22:7 👁 38.6M
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