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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 👁 116.1M

Yahoo Finance

Credit unions: Everything you need to know

⏲ 2 minutes 19 seconds 👁 25.3K

ALLIANCE Credit Union

ALLIANCE Credit Union - Main Branch & Corporate Office

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Popular national café chain Pret a manger is to open a second location in Worthing after its first branch opened in Worthing town centre last year. This one will be at the BP service station in Brighton Road.

New Pret a Manger to open in Worthing

⏲ 0:6 👁 19.4M

Jacob Wade (Roadmap Money)

Are Credit Unions Safe? What they ACTUALLY do with your money...

⏲ 15 minutes 19 seconds 👁 4.3K

Wallet Monkey

Best & Worst Credit Unions - How to pick credit unions to bank with!

⏲ 12 minutes 43 seconds 👁 6.6K

Nagendra Kumar Pradhan, the Congress' candidate for Odisha's Sambalpur Lok Sabha constituency, talked to Outlook's Iqbal Abhimanyu on where Congress stands in a contest being seen as a prestige battle between Union Health Minister Dharmendra Pradhan and BJD heavyweight Pranab Prakash Das. Nagendra Pradhan, a former MP who switched over to Congress after being denied a ticket by the BJD, attacked both Odisha Chief Minister Naveen Patnaik and Prime Minister Narendra Modi and said the two were involved in a 'friendly fight' to dupe people.<br/><br/>Follow us:<br/>Website: https://www.outlookindia.com/<br/>Facebook: https://www.facebook.com/Outlookindia<br/>Instagram: https://www.instagram.com/outlookindia/<br/>X: https://twitter.com/Outlookindia<br/>Whatsapp: https://whatsapp.com/channel/0029VaNrF3v0AgWLA6OnJH0R<br/>Youtube: https://www.youtube.com/@OutlookMagazine<br/>Dailymotion: https://www.dailymotion.com/outlookindia<br/><br/>#Odisha #BJD #LokSabhaElections2024 #Elections #BJP #Congress

Reporter's Guarantee | In Conversation With Congress’ Nagendra Kumar Pradhan

⏲ 11:45 👁 3.3M

Practical Personal Finance

Credit Unions: The Best Kept Secret in Banking

⏲ 7 minutes 25 seconds 👁 45.8K

The Savvy Professor

Credit Union vs Bank - How Are They Different? (Where To Put Your Money In?)

⏲ 2 minutes 49 seconds 👁 14

On May 20, votes from 49 constituencies spread across six states and two Union territories will determine the fate of 695 candidates, including a number of well-known ministers and MPs. Odisha, Uttar Pradesh, West Bengal, Jharkhand, Ladakh, Maharashtra, Bihar, and Jammu & Kashmir will vote. <br/> <br/> <br/>Stay Tuned At Oneindia English For All Election Coverage. 20th May, 8 A.M. Onwards…. <br/> <br/> <br/>#LokSabhaElections #LokSabha #PMModi #Raebareli #Amethi #DelhiLokSabha #Delhinews #Electionnews #Politics #Oneindia #Oneindianews <br/>~HT.178~ED.102~GR.121~

Fifth Phase Voting Live Coverage On 20th May Only on Oneindia| Lok Sabha Elections 2024

⏲ 1:5 👁 2.4M

The Smart Investor

Credit Union Guide For Beginners - How It Works, Where To Join?

⏲ 13 minutes 52 seconds 👁 4.1K

Investocracy Markets

Analysts REVEAL SHOCKING Nvidia Blackwell UPDAT3

⏲ 14 minutes 7 seconds 👁 4.8K

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