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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 👁 114.2M

Beautiful Relaxation

Flamingos Birds 🐦 feeding the same chick with red crop milk.WAIT FOR IT!Weird Animal Behavior

⏲ 41 seconds 👁 146.8K

CropX Agronomic Farm Management System

CropX Explainer Video

⏲ 2 minutes 3 seconds 👁 471

A look at the midfielders’ latest

Bruno Fernandes situation at Manchester United as future is unclear

⏲ 3:24 👁 21.2M

TheFarmvids

Wartime Farm Part 7 of 8

⏲ 59 minutes 9 seconds 👁 222.6K

TVTA

Viacom Enterprises \"V\" (1978) *Telecine Error* | 16mm

⏲ 8 seconds 👁 57.2K

Cannes 2024: फ्रांस के फ्रेंच रिवेरा में 14 मई से 77वें कान फिल्म फेस्टिवल की शुरुआत हो चुकी है। इस फिल्म फेस्टिवल में बॉलीवुड की कई हसीनाएं नजर आने वाली हैं। इनमें ऐश्वर्या राय बच्चन से लेकर कियारा आडवाणी और जैकलीन फर्नांडिस तक शामिल हैं। उर्वशी भी रेड कार्पेट पर जमकर कहर बरपा रही हैं। <br/> <br/>Cannes 2024: The 77th Cannes Film Festival has started from May 14 in the French Riviera, France. Many beauties of Bollywood are going to be seen in this film festival. These include everyone from Aishwarya Rai Bachchan to Kiara Advani and Jacqueline Fernandes. Urvashi is also wreaking havoc on the red carpet. <br/> <br/>#Cannes2024 #UrvashiRautela#fashion#bollywood<br/>~PR.115~ED.284~

Cannes 2024: Urvashi Rautela Cannes Second Red Carpet Look Troll, Public Shocking Reaction | Boldsky

⏲ 3:11 👁 13M

Literacy Corner Global

Vietnam War Booby Traps: How do they work?

⏲ 10 minutes 1 second 👁 992.2K

TheFarmvids

Wartime Farm Part 1 of 8

⏲ 59 minutes 29 seconds 👁 619.1K

UN Warns Global , Wildlife Crime , Driving Global Extinctions.<br/>'The Guardian' reports that over <br/>4,000 species from around the world <br/>are the targets of wildlife traffickers. .<br/>According to a United Nations report, <br/>this causes \

UN Warns Global Wildlife Crime Driving Global Extinctions

⏲ 1:31 👁 6.2M

Paramount Pictures

Top Gun: Maverick GLOBAL Red Carpet Premiere

⏲ 1 hour 17 minutes 25 seconds 👁 2.1M

Here's SpongeBob

SpongeBob & Patrick Play Pick a Slide In ROBLOX!

⏲ 28 minutes 1 second 👁 285.9K

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