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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

Sohn Conference Foundation

Sohn 2021 | John Collison in conversation with Dan Sundheim

⏲ 37 minutes 16 seconds 👁 16.1K

Bloomberg Television

So You Want to Start a Hedge Fund? Watch This First

⏲ 5 minutes 28 seconds 👁 216.7K

As the curtain is closing on Jimmy Anderson’s marvellous international cricket career, following the announcement, lets take a look at what the bowler went on to achieve for his country and what legacy he leaves behind as he’s ready to say goodbye.

England cricket great Jimmy Anderson set to call time on illustrious career this summer

⏲ 1:0 👁 13.7M

TrustMark Digital

D1 Capital Park City Overview | NOC Status | Payment Plan | Development | Owner and Developer

⏲ 2 minutes 13 seconds 👁 229

Landmark Marketing

D1 Capital Park City | Complete Location

⏲ 1 minute 33 seconds 👁 251

A Boeing 737 aircraft carrying 85 passengers skidded off the runway at Dakar Airport, Senegal's capital, resulting in 10 injuries, as reported by the transport minister. Disturbing footage shared by a passenger, Malian musician Cheick Siriman Sissoko, depicted the aircraft ablaze with passengers evacuating via emergency slides. Transport Minister El Malick Ndiaye confirmed that the Air Senegal flight, operated by TransAir, was en route to Bamako, Mali, with 79 passengers, two pilots, and four cabin crew aboard late Wednesday. <br/> <br/> <br/>#Boeing737 #SenegalPlaneFire #RunwaySkid #AviationDisaster #EmergencyLanding #PlaneAccident #SenegalAirport #SafetyAlert #PassengerSafety #AviationSafety<br/>~HT.178~PR.152~ED.103~GR.121~

Terrifying Video Of Boeing 777 Ablaze When Plane Skids Off On Senegal Runway | Watch

⏲ 3:3 👁 12.2M

D1 CAPITAL PARK CITY ISLAMABAD

The Future of Real Estate Investment | why D1 Capital Park City?

⏲ 2 minutes 52 seconds 👁 22

Landmark Marketing

CEO LandMark Marketing (Pvt)Ltd | D1 Capital Park City

⏲ 3 minutes 11 seconds 👁 109

We ask the people of London what they love about the capital during summertime.

What do Londoners love about the city in the summer?

⏲ 2:0 👁 11.2M

Nucleus Marketing

D1 Capital Park City | Location and Prices | M. Farooq Dar

⏲ 6 minutes 4 seconds 👁 1.1K

Bloomberg Live

Institutional Capital Comes to Sports

⏲ 29 minutes 1 second 👁 165

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