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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 👁 110.1M

Villanueva Travel

Rabat the capital of Morocco, its streets, infrastructure, the Medina, and its inhabitants #africa

⏲ 18 minutes 29 seconds 👁 744.4K

GIRL IN PARADISE

🇲🇦 MOROCCAN MOUTHWATERING STREET FOOD, WALKING TOUR OF MOROCCO'S CAPITAL CITY RABAT, 4K HDR

⏲ 4 hours 4 minutes 25 seconds 👁 694.9K

Anthony Scaramucci, Founder and Managing Partner, SkyBridge Capital, Andrew Yang, Co-chair, Forward Party Moderator: Jeff John Roberts, Fortune

Future of Finance 2024: Biden, Trump and What the 2024 Election Means for Finance

⏲ 17:36 👁 9.5M

EyesEarsEarth

Morocco’s Capital City. Rabat is a Jewel that must be seen.4K

⏲ 28 minutes 57 seconds 👁 49.5K

Chris Kermis

RABAT - Never expected this AMAZING capital of MOROCCO! (Travel Vlog)

⏲ 15 minutes 16 seconds 👁 73.5K

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 7.2M

Connor and Livvy

Should You Visit Morocco's Capital RABAT in 2023? 🇲🇦

⏲ 13 minutes 5 seconds 👁 44.6K

Travels of Sarah Fay

Morocco's Most Underrated Tourist Destination- A Rabat City Travel Guide | Morocco's Capital City

⏲ 20 minutes 51 seconds 👁 14.7K

A Moroccan asylum seeker has been sentenced to life in jail for murder, with a minimum term of 45 years, at Teesside Crown Court. In October last year, 45-year-old Ahmed Alid stabbed Iranian Christian convert Javed Nouri at the house he was sharing with other asylum seekers before looking for more victims in Hartlepool town centre. He then stabbed and killed 70-year-old Terence Carney who was out for his regular early morning walk. Alid told police he had committed his crimes out of “revenge” for Israel killing children in the Palestinian conflict. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Asylum seeker sentenced to life for revenge terror killing

⏲ 2:41 👁 4M

GIRL IN PARADISE

🇲🇦 MOROCCO STREET FOOD,MARRAKECH NIGHT WALKING TOUR, MAGICAL EXPLORATION OF THE SOUK AND MEDINA

⏲ 1 hour 38 minutes 14 seconds 👁 225.9K

Seara Travels

Trying Moroccan Street Food in Marrakech, Morocco 🇲🇦

⏲ 13 minutes 32 seconds 👁 614.8K

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