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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
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RegisteredNurseRN
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atDove
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NASA will use 30 ground recording stations to monitor the sound produced by the X-59 QueSST experimental aircraft. Learn more about the equipment they will be using here. <br/><br/>Credit: NASA
⏲ 2:23 👁 7.7M
RegisteredNurseRN
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Salem Health
⏲ 12 minutes 30 seconds 👁 8.7K
Golf Monthly is one of the world's leading multi-platform golf media brands.<br/>We exist to help golfers get more out of the game they love. Our team of passionate golfers and experts produce authoritative in-depth reviews of the latest golf equipment to help you buy better, tips and advice to improve your game, ideas for golf courses to play and places to stay and coverage of the game at every level from grassroots up to Tour.
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thecityoftoronto
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BMJ Learning
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Strategic Services Agency head, Major Roger Best who was sent on administrative leave in early March, has been detained for questioning, along with five other former employees of the SSA.<br/><br/>Sources say they were detained with respect to the ongoing SSA probe that began under Brigadier Anthony Phillips-Spencer who has been tasked with an extensive review and audit of all SSA personnel, equipment and processes.<br/><br/>The situation unfolded when the Prime Minister discovered that several membersof the Jerusalem Bride Church headed by Pastor Ian Brown were hired under Best's tenure.<br/><br/>There are also parallel investigations ongoing into the murders of Andy Daniel in 2023, as well as Bryan Felix and Aleem Khan in October 2019 that Police believe are connected to the SSA as well.<br/><br/>Mark Bassant has the latest.
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Trillium Health Partners
⏲ 4 minutes 33 seconds 👁 417.5K
Magic Prepper
⏲ 28 minutes 39 seconds 👁 14.7K
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