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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 👁 111.6M

Pillow

I'll Be - Edwin McCain (Lyrics) 🎵

⏲ 4 minutes 1 second 👁 11.6M

Dylan Scott

Dylan Scott - I'll Be A Bartender (Official Lyric Video)

⏲ 3 minutes 20 seconds 👁 303.8K

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today. from ill ba

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today.

⏲ 3:45 👁 19.1M

The Country Hype

Dylan Scott - I'll Be A Bartender (lyrics)

⏲ 4 minutes 17 seconds 👁 19.2K

Disney

Mulan | I'll Make A Man Out Of You | Disney Sing-Along

⏲ 3 minutes 23 seconds 👁 90.4M

Aired (May 11, 2024) Talent portion na! Ano kayang talent ang ipapakita nina Faith Da Silva, Shuvee Etrata, Beki Velo, at Divine Tetay? <br/><br/>Catch the fun family bonding of Legaspi Family together with their celebrity guests. Watch the latest episode of 'Sarap, 'Di Ba?' every Saturday on GMA Network hosted by Carmina Villaroel-Legaspi, Mavy Legaspi, and Cassy Legaspi.<br/>

Acting skills ni Faith Da Silva, tinapatan ng dancing skills ni Shuvee Etrata! | Sarap, ‘Di Ba?

⏲ 5:32 👁 4.4M

Gospel Nostalgia

\"I'll Be A Witness\" (1985) Rev. Timothy Wright

⏲ 4 minutes 48 seconds 👁 114.9K

Rag 'n' Bone Brown

Why I'll NEVER Hire Another Tradesperson

⏲ 14 minutes 31 seconds 👁 11.5K

Aired (May 11, 2024) Paano kaya matutulungan nina Beki Velo at Divine Tetay na maipanalo nina Shuvee Etrata at Faith Da Silva ang ‘The Beauty and The Beshie’ beauty pageant? <br/><br/>Catch the fun family bonding of Legaspi Family together with their celebrity guests. Watch the latest episode of 'Sarap, 'Di Ba?' every Saturday on GMA Network hosted by Carmina Villaroel-Legaspi, Mavy Legaspi, and Cassy Legaspi.<br/>

Faith Da Silva at Shuvee Etrata, dinala ang kanilang mga BESHIE sa isang beauty contest! | Sarap, ‘Di Ba?

⏲ 5:25 👁 4.2M

Hank Williams

I'll Be A Bachelor Til I Die

⏲ 2 minutes 38 seconds 👁 7.6K

kevnar

I'll Be a Good Boy

⏲ 4 minutes 22 seconds 👁 5.4M

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