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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 👁 48.6M

Closeup Bangladesh

\"পেন্সিলে আঁকা ভালোবাসা\" নাটক । Closeup কাছে আসার সাহসী গল্প ২০১৬

⏲ 27 minutes 54 seconds 👁 513.7K

Closeup Bangladesh

\"শত ডানার প্রজাপতি\" নাটক । Closeup কাছে আসার সাহসী গল্প ২০১৬

⏲ 28 minutes 👁 2M

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva and Ishaan will separate, Savi will be happy. Suryaprakash Sir helped Savi, why did Ishaan get angry? Savi will now become an IAS officer, Ishaan will be surprised. For all Latest updates on Gum Hai Kisi Ke Pyar Mein please subscribe to FilmiBeat. Watch the sneak peek of the forthcoming episode, now on hotstar. <br/> <br/>#GumHaiKisiKePyarMein #GHKKPM #Ishvi #Ishaansavi <br/><br/>~PR.133~ED.140~HT.318~

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva और Ishaan होंगे अलग, Savi होगी खुश। Filmibeat

⏲ 3:13 👁 21M

Closeup Bangladesh

\"হাতটা দাও না বাড়িয়ে\" নাটক । Closeup কাছে আসার সাহসী গল্প ২০১৬

⏲ 28 minutes 👁 3.1M

Closeup Bangladesh

Chinigura Prem | চিনিগুঁড়া প্রেম | Closeup 'কাছে আসার সাহসী গল্প' এর নাটক

⏲ 27 minutes 21 seconds 👁 1.8M

Serbia applied for European Union membership in 2009 and was accepted as an official candidate country in 2012 but since then little progress has been made towards joining the bloc with Aleksandar Vučić’s government accused of democratic backsliding.

Is Serbia sliding towards authoritarianism or closer to EU membership?

⏲ 2:25 👁 14.8M

Closeup Bangladesh

\"মেঘ এনেছি ভেজা\" নাটক | ক্লোজআপ কাছে আসার অফলাইন গল্প ২০১৭

⏲ 29 minutes 15 seconds 👁 3.3M

Closeup Bangladesh

\"তোমার পিছু পিছু\" নাটক | ক্লোজআপ কাছে আসার অফলাইন গল্প ২০১৭

⏲ 27 minutes 51 seconds 👁 3.3M

Gum Hai Kisi Ke Pyar Mein Spoiler: Suryaprakash Sir's entry in Savi's life, Fans get happy. Savi will now become an IAS officer, Ishaan will be surprised. For all Latest updates on Gum Hai Kisi Ke Pyar Mein please subscribe to FilmiBeat. Watch the sneak peek of the forthcoming episode, now on hotstar. <br/> <br/>#GumHaiKisiKePyarMein #GHKKPM #Ishvi #Ishaansavi<br/>~HT.97~PR.133~

Gum Hai Kisi Ke Pyar Mein Spoiler: Savi की जिंजगी में Suryaprakash Sir की Entry से खुश हुए Fans

⏲ 3:4 👁 9.5M

Closeup Bangladesh

Ami Akash Pathabo | আমি আকাশ পাঠাবো | Closeup \"কাছে আসার সাহসী গল্প\" এর নাটক

⏲ 32 minutes 43 seconds 👁 275.8K

Rtv Drama

Apurnota | অপূর্ণতা | Full Natok | Khairul Bashar, Tanjin Tisha | New Bangla Eid Natok 2024

⏲ 44 minutes 31 seconds 👁 361.8K

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