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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 👁 51.5M

miedemaauctioneering

Miedema Auctioneering - What We Do

⏲ 2 minutes 33 seconds 👁 498

miedemaauctioneering

Miedema Auctioneering Customer Testimonial

⏲ 54 seconds 👁 67

A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total.

I bought a $410 mystery storage unit - it contained $70k of designer clothes

⏲ 1:1 👁 2M

LASTBIDrealestate

NEW AUCTION ANNOUNCEMENT | Eaton Rapids MI

⏲ 11 seconds 👁 576

LASTBIDrealestate

NEW AUCTION ANNOUNCEMENT | Decatur MI

⏲ 11 seconds 👁 10

Ken Goldin and his savvy team run the thrilling action in this series that goes inside a leading auction house specializing in rare collectibles. <br/> <br/>Watch on Netflix: https://www.netflix.com/title/81551496 <br/> <br/>About Netflix: <br/>Netflix is one of the world's leading entertainment services, with 270 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. <br/> <br/>King of Collectibles: The Goldin Touch: Season 2 | Official Trailer | Netflix <br/>https://www.youtube.com/@Netflix

King of Collectibles: The Goldin Touch: Season 2 | Official Trailer | Netflix

⏲ 1:2 👁 15K

LASTBIDrealestate

NEW AUCTION ANNOUNCEMENT | Decatur MI

⏲ 11 seconds 👁 7

miedemaauctioneering

Miedema Auctioneering, Inc. Kamman's Farms Live Auction

⏲ 1 minute 3 seconds 👁 56

Meet the couple who have become 'book rescuers' - taking in up to 15,000 titles a week to save them from landfill.<br/><br/>George Brooks, 36, and partner Sarah, 42, started their journey in 2021 when they came into possession of 800 books that were destined for the dump.<br/><br/>They managed to sell that haul successfully and decided to start to taking in more, which they took to parking lots to auction off.<br/><br/>With locals wanting a more permanent location, they then opened a 3,600sq ft warehouse in Pinellas County, Florida where they now regularly take in 5,000 to 10,000 - and up to 15,000 - books a week.<br/><br/>The couple also recycle the books and create various projects and packages that they then sell on to artists, schools and theatres to give them new life.

Meet couple who have become 'book rescuers' - saving up to 15,000 titles a week

⏲ 2:56 👁 1.1M

Robert Everett

Andy Raber, Auctioneer

⏲ 2 minutes 32 seconds 👁 377.5K

oldfarmjunk101

Auction results summer consignment sale 8 5 2023 Mount Gilead OhioPeak auction

⏲ 1 hour 50 seconds 👁 8.8K

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