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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 👁 49.7M

Ullu Music

प्रमोशन के लिएअपने आत्म सम्मान कोतहस नहस करनाज़रूरी है - Promotion-Watch Now

⏲ 14 minutes 2 seconds 👁 253.9K

Movie Talkies

Deepika Padukone's SHOCKING Reaction When Called Katrina Kaif - Ranbir Kapoor

⏲ 53 seconds 👁 185K

Today Architectural Digest goes behind the scenes of Bridgerton season 3 with production designer, Alison Gartshore, for an exclusive tour of the set. From the subtle details in Kate and Anthony’s new apartment to the never-before-seen Cowper residence, Gartshore breaks down the ingenious and intricate work that goes into creating the grandiose Bridgerton sets.<br/><br/>Promotional Consideration Bridgerton from Netflix and Shondaland

Inside the Set of Netlix's 'Bridgerton' Season 3

⏲ 16:22 👁 9.3M

Movie Talkies

UNCUT: Tamasha Chemistry Meter Launch | Ranbir Kapoor, Deepika Padukone

⏲ 36 minutes 47 seconds 👁 71.7K

King's Of Hearts - REVIEWS u0026 REACTIONS

Charmsukh ( Promotion) || EPISODE 20 || WEBSERIES REVIEWS || STORY || KOHREVIEWS

⏲ 3 minutes 6 seconds 👁 10.7K

Dazzling Duo: Rajkummar Rao & Janhvi Kapoor spotted promoting their upcoming highly anticipated Dharma Productions movie, Mr. & Mrs. Mahi. Both the actors donned hot classy-sassy outfits for the evening & were seen sharing some funny moments with each other.

Rajkummar Rao & Janhvi Kapoor's SIZZLING Chemistry At The Promotions Of Mr. & Mrs. Mahi

⏲ 1:53 👁 5.7M

ULLU

दुल्हन ने बुझाई छिपकर अपने जिस्म की प्यास | Tala chabhi | Ullu originalswatch the full episode now

⏲ 20 minutes 48 seconds 👁 720K

HG killar

palang tod paid promotion Ullu Web series Story line explained

⏲ 3 minutes 26 seconds 👁 473

Janhvi Kapoor has elevated her stylish promotion game to new heights, captivating both her fans and cricket enthusiasts with her latest look. She graced the scene in a mesmerizing Red Faux Leather dress that not only embodies high fashion but also reflects the spirit of the film. Her latest look is making waves across social media.<br/><br/>#janhvikapoor #rajkummarrao #msdhoni #mrmrsmahi #janhvikapoorfashion #fauxleather #reddress #entertainmentnews #bollywood #viral video #trending

Janhvi Kapoor Steals Hearts in Sizzling Red Faux Leather Dress

⏲ 2:1 👁 6.5M

Ajit Anjum

अमेठी के एक सरकारी कर्मचारी ने नौकरी की परवाह किए बग़ैर कह दी इतनी बड़ी बात ?

⏲ 12 minutes 11 seconds 👁 74.1K

Ullu Music

Watch Full Ullu Episode | Saree Ki Dukaan

⏲ 24 minutes 53 seconds 👁 2.5M

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