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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 👁 76.1M

Vidyasagar - Topic

⏲ 4 minutes 4 seconds 👁 465.9K

SouthCentralChannel

50 Cent - Happy New Year

⏲ 3 minutes 19 seconds 👁 213.5K

Apple has released iOS 17.5 for iPhones and iPadOS 17.5 for iPads. It’s a massive deal for those in Europe, but UK users also get a healthy selection of new features.The biggest news of iOS 17.5 is it brings support for iPhone apps downloaded direct from developer websites, but only for people in the European Union.

iOS 17.5 released: what are its new features for iPhone and iPad?

⏲ 0:45 👁 35M

AP International

Happy New Year 2023 | Ilamai Itho Itho Video Song | Kamal Haasan | SPB | New Year Song

⏲ 6 minutes 7 seconds 👁 5.2M

manuel velasquez leiton

ABBA - Happy New Year (2022 edition)

⏲ 5 minutes 3 seconds 👁 465.7K

Isabel found herself reluctantly married to a stranger named Jared. As Isabel navigated her new life at work, she unexpectedly fell deeply for her boss-the billionaire Lorenzo Bellini.

I Wish It Were You (2024) - Short TV

⏲ 1:22:7 👁 38.8M

Vibe Music

ABBA - Happy New Year

⏲ 4 minutes 25 seconds 👁 349.4K

Kid Rock

Kid Rock - Happy New Year [Music Video]

⏲ 4 minutes 23 seconds 👁 895K

Singapore's Lawrence Wong was sworn in on Wednesday (May 15) as its first new premier in 20 years and only its fourth leader since independence. <br/><br/>51-year-old Wong will retain his current position as finance minister and takes charge of a country led for two decades by Lee Hsien Loong, the 72-year-old son of Lee Kuan Yew, the founder of modern Singapore who stayed in politics until his death in 2015. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Singapore swears in its first new PM in two decades

⏲ 2:9 👁 19.4M

T-Series

OFFICIAL: 'Nonsense Ki Night' FULL VIDEO Song | Happy New Year | Shah Rukh Khan | Mika Singh

⏲ 2 minutes 37 seconds 👁 17M

T-Series

OFFICIAL: \"World Dance Medley\" Full VIDEO Song | Happy New Year | Shah Rukh Khan | Vishal, Shekhar

⏲ 6 minutes 31 seconds 👁 60.2M

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