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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 👁 112.2M
WallStreetMojo
DSCR (Debt Service Coverage Ratio) - Meaning, Formula, Calculation & Interpretations
⏲ 8 minutes 58 seconds 👁 13.8K
Investopedia
Investopedia Video: The Debt-Service Coverage Ratio (DSCR)
⏲ 1 minute 40 seconds 👁 15.1K
The health secretary has responded to the findings in the birth trauma report, which found good care is “the exception rather than the rule”. Victoria Atkins said she \
Health Secretary responds to birth trauma report
⏲ 0:43 👁 40.6M
The Cash Flow Company
How to Calculate a DSCR Loan - Step By Step
⏲ 11 minutes 4 seconds 👁 13.5K
Adventures in CRE
How to Calculate Debt Service Coverage Ratio - 30 Second CRE Tutorials
⏲ 25 seconds 👁 7.9K
On Thursday, Sen. Jack Reed (D-RI) chairs a Senate Armed Services Committee hearing on the Navy FY2025 budget request. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
Jack Reed Chairs Senate Armed Services Committee Hearing On The Navy FY2025 Budget Request
⏲ 2:39:35 👁 5.6M
Angelo Christian Financial
How to calculate Debt Service Coverage Ratio (DSCR)
⏲ 2 minutes 58 seconds 👁 1.9K
Real Estate by Christopher Tyson
Debt Service Ratio
⏲ 1 minute 44 seconds 👁 236
Easing the cost of living is Labor's \
Federal budget 2024: who gets what
⏲ 2:12 👁 78.1M
Fundera by NerdWallet
Debt Service Coverage Ratio (DSCR): Formula and Examples
⏲ 8 minutes 7 seconds 👁 13.8K
Eastern Credit Union
Debt Service Ratio Explained
⏲ 1 minute 20 seconds 👁 139
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