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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 👁 116.3M

BINTAH

Who is Red Bintah? Bintah Mini Series Episode 25 - Red Bintah

⏲ 4 minutes 44 seconds 👁 6.5K

Red Wemette

Who Is Red Wemette

⏲ 1 minute 6 seconds 👁 611

As Harvey Elliott has risen to the occasion in Liverpool colours this season with the youngster breaking boundaries in Klopp’s final campaign. A look at how he may get on under the new boss as the future looks brighter for the England youngster.

Harvey Elliott looking to become first-team option under Arne Slot and draw Gareth Southgate's attention

⏲ 3:0 👁 6.6M

SlamGaming

How Does Red Rank as a Pokémon Champion? #shorts

⏲ 54 seconds 👁 305.3K

Film Craze

Blacklist Fans 'DEBUNK' Redarina Theories.. Here's How!

⏲ 8 minutes 24 seconds 👁 12K

Bollywood actress Aishwarya Rai Bachchan has arrived on the red carpet at the 77th Cannes Film Festival. She is stunning in a black-white and golden combination dress, despite having a plaster on one hand. However, some people are still finding faults in her look and started trolling her Cannes look. watch video to know more <br/> <br/> <br/>#Cannes2024 #AishwaryaRai #CannrsFilmFestival2024 #AishwaryaRaiCannes2024look <br/>~HT.99~PR.126~

Cannes 2024: Cannes में टूटे हाथ के साथ Aishwarya Rai ने दिखाया जलवा, पर फिर भी हो गई Troll!

⏲ 3:6 👁 3M

Lore of the Dragon

Spyro Lore - Who is Red?

⏲ 11 minutes 4 seconds 👁 2.3K

Red Bull Surfing

Is Pipeline the Most DANGEROUS Wave in the WORLD?

⏲ 4 minutes 45 seconds 👁 8.8K

Shilpa Uskokovic spent days in the Bon Appétit Test Kitchen making tray after tray of red velvet cake to develop her perfect recipe. Watch as she experiments with every variable to arrive at the ultimate red velvet—from the rich chocolatey taste to the fluffiest cream frosting—before publishing it for Bon Appétit.Get the entire recipe, plus access to over 50,000 more from Bon Appetit and Epicurious: https://bit.ly/3uLqs8D

How I Developed The Perfect Chocolatey Red Velvet Cake

⏲ 20:32 👁 4.8M

Marvel Entertainment

Who is Red Guardian?

⏲ 2 minutes 53 seconds 👁 33.6K

TVLine

'The Blacklist' Finale: How Did Liz's Story End? And Who Is Red?? | NewsLine

⏲ 1 minute 29 seconds 👁 15.4K

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