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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 👁 46.6M

PiXimperfect

Develop Negative Film at Home with Photoshop! #Shorts

⏲ 34 seconds 👁 8.3M

How to Expand Photos for Instagram #shorts

⏲ 34 seconds 👁 53K

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 👁 223.5M

Poli Moli

Who to send pictures to?🥵🥵🥵

⏲ 17 seconds 👁 9.9M

Stefano Lombardo

How to Create a Seamless Instagram Post 🌇📸 #shorts #photography #instagram

⏲ 51 seconds 👁 110K

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 👁 645.8M

Phone Repair Guru

I Bought a FAKE S22 ULTRA...... #Shorts

⏲ 51 seconds 👁 8.7M

Mrwhosetheboss Shorts

5 ways to take AMAZING photos on your phone

⏲ 48 seconds 👁 1.8M

The 35-year-old actress and former Eat Bulaga! host enjoys a quieter part of the limelight for now because her time and focus are on her family. In this episode of Usap Tayo, #PauleenLunaSotto shares her journey through motherhood, now as a mother of two. #usaptayo #SmartParentingxPauleenLunaSotto #Motherhood

Usap Tayo: #PauleenLunaSotto: A Day in the Life of a Mom of Two

⏲ 5:5 👁 73.3M

Digital Design Hacks

How to Remove the Background of an Image on Canva Mobile ultimate guide

⏲ 43 seconds 👁 119.9K

Chu Soc

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⏲ 2 minutes 38 seconds 👁 15.6K

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