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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

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Rahul Jain

PERFECT Time To BUY These 3 Stocks during CORRECTION or More Correction ahead? | Rahul Jain

⏲ 14 minutes 21 seconds 👁 117.8K

Research Media

What is Research question? Hypothesis testing? General and Specific objective?

⏲ 28 minutes 49 seconds 👁 11.6K

These bright, colorful blooms are easy to grow and ideal for arrangements.

How to Grow and Care for Zinnias, an Easy Flower That Blooms All Summer

⏲ 0:36 👁 20.2M

Shrija Saha

5 Great Stocks for Long Term at Discount | Stocks to Buy for Longterm | 2024

⏲ 9 minutes 22 seconds 👁 37.3K

Grad Coach

4 POWER Research Apps & Tools To Fast-Track Your Dissertation Or Thesis

⏲ 7 minutes 9 seconds 👁 1.7K

This video details TSI’s Flow Sensing Technology using our unique platinum thin film sensor. This sensor is used across all TSI’s Flow Measurement Instrumentation – our flow meters, Certifier flow analyzers, and OEM flow sensors (original equipment manufacturer flow sensors).nOur unique flow sensor provides the fastest response rate, an industry-leading low pressure drop, and a low turndown ratio. You can see both mass and volumetric flow and it is both temperature compensated and pressure

TSI Flow Measurement Instrumentation

⏲ 1 min 35 sec ✓ 10-Jan-2019

digitidea

How to Make a Questionnaire for Research

⏲ 10 minutes 12 seconds 👁 132.5K

DocShe Rosales

How to compute survey result using WEIGHTED AVERAGE manually (RESEARCH)

⏲ 22 minutes 14 seconds 👁 97.7K

Financial markets have increased the chances of an interest rate cut later this year after a jump in the unemployment rate. The rise is being put down to high migration and more people joining the workforce to look for a job.

Australia’s unemployment rate rose to 4.1% in April

⏲ 2:1 👁 11.5M

LD Media

How to Get Responses to Your Online Survey For Market Research

⏲ 10 minutes 11 seconds 👁 2K

Ann K. Emery

How to Analyze Satisfaction Survey Data in Excel with Countif

⏲ 4 minutes 16 seconds 👁 274.7K

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