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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 👁 44M

Nobo Restaurant

A Celebration of Chelmsford's Dining Experience

⏲ 3 minutes 29 seconds 👁 87

vafunseekers

K&W Restaurant Review| One of the Last Remaining | Roanoke, VA

⏲ 15 minutes 56 seconds 👁 2K

We visited Curo Restaurant in La Union to taste some of the food they offer. Located in Curbside Villa, Urbiztondo, this restaurant brings luxury to the local food scene.<br/><br/>Some of what we were able to try are the BBQ chicken salad, a perfect blend of smoky flavors and fresh ingredients. Spam chips, which offer a delightful crunch with every bite, and their special croquettes, lovingly named, Curbside Curo-quettes.<br/><br/>But we can never forget the USDA Angus Ribeye, which was easily the star of the show.<br/><br/>Join us and discover why our restaurant is a must-visit destination in Urbiztondo, La Union.

Luxury Dining Near The Beach: Curo Restaurant Taste Test | Flavor Profiles

⏲ 3:55 👁 221M

The Trip Companion

Top 12 Restaurants In Charlottesville, VA

⏲ 6 minutes 4 seconds 👁 1.2K

Absolute Reality

Can Riobello Bedford's Restaurant Stand Out From The Crowd | Restaurant SOS | Absolute Reality

⏲ 43 minutes 31 seconds 👁 65.7K

CCTV shows customer running from Italian restaurant Posillipo in Canterbury after £65 meal

CCTV shows customer running from Canterbury restaurant after £65 meal

⏲ 0:57 👁 76.4M

vafunseekers

Is This The Best Restaurant in VA? Michie Tavern Review- Charlottesville, VA- Voted #1 VA Restaurant

⏲ 10 minutes 17 seconds 👁 2K

Apricot Wanderers

Top 10 Restaurants to Visit in Bath, Somerset | England - English

⏲ 3 minutes 59 seconds 👁 4.3K

Jessica Alves is back and ready to go on her first blind date as a woman. Transgender woman Jessica has been living as a woman for 3 years and has found dating really difficult. Her previous dates have been really awkward because men didn't want to be seen with her in public and preferred to be hidden away in the corner at restaurants. Jessica hopes to meet a man who will accept her for who she is. Will her date Shojon live up to that expectation? Will the two hit it off?

I'm Trans - And This Is My First Date As A Woman | LOVE DON'T JUDGE

⏲ 8:33 👁 25.7M

David Wheater

The Witchery Restaurant, Edinburgh - Celebrating a Special Birthday in Edinburgh, Scotland

⏲ 3 minutes 15 seconds 👁 975

Eater

This is My Favorite Restaurant in the Entire World — The Meat Show

⏲ 7 minutes 1 second 👁 1M

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