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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 👁 69.9M

GothamChess

How to WIN Closed Chess Positions!

⏲ 26 minutes 57 seconds 👁 162.6K

GothamChess

10 Chess Traps to Win FAST!!

⏲ 39 minutes 2 seconds 👁 1.4M

U.S. House Speaker Mike Johnson became the highest-ranking Republican to show up at court with Donald Trump on Tuesday, using his powerful position to attack the hush money case against the former president as an illegitimate “sham.”

Speaker Mike Johnson Lends Support to Trump Outside Hush Money Trial

⏲ 1:24 👁 13M

GMHikaru

Beginning Chess Concepts by Professor Hikaru

⏲ 57 minutes 58 seconds 👁 860.9K

Chess Vibes

21 Positional Chess Concepts

⏲ 23 minutes 4 seconds 👁 663.6K

As the PGA Championship at Valhalla is just one week away, the course where Rory Mcilroy last felt major glory a decade ago, he’s in flying form and following a Wells Fargo tournament win, is in a great position to be at the very top of the sport once again. <br/><br/>Interviews and video footage courtesy of The PGA

Rory McIlroy believes if he ‘repeats current form’ at Valhalla’s PGA Championship he could repeat feat set in 2014

⏲ 3:0 👁 10.2M

Mr.Animate

Learn How to Play Chess for Beginners in Less Than 8 Minutes

⏲ 7 minutes 26 seconds 👁 314.7K

Howcast

How to Set Up the Board | Chess

⏲ 3 minutes 20 seconds 👁 581.5K

What did we learn at Cowboys rookie minicamp this past weekend? The GBag Nation discusses the position battles these new Cowboys will be involved in, as well as the Jared Goff contract and how it could affect a Dak extension.

Does Cooper Beebe have the inside track to start at center?

⏲ 1:50 👁 2.4M

Eric Rosen

Overpowering Attacks | Speedrun Episode 46

⏲ 45 minutes 34 seconds 👁 43.3K

GMHikaru

How to Crush a 500, Every Step Explained

⏲ 1 hour 22 seconds 👁 471.4K

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