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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 👁 110.2M

Chowdhury Arif Jahangir

Ei Brishty Bheja Raate - Murad Takla Version

⏲ 2 minutes 13 seconds 👁 16.8K

Anupam Movie Songs

Ei Brishty Veja Rate | এই বৃষ্টি ভেজা রাতে | Anju Ghosh & Wasim | Runa Laila | Norom Gorom

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Government minister Mel Stride insists that “we are seeing a resilient labour market,” despite official figures revealing that Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market. The Office for National Statistics said the rate of UK unemployment rose to 4.3%. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Government insist plan is working despite unemployment rise

⏲ 1:5 👁 34.6M

Ehasan Sumon

Ei bristi veja rate chole jeona Runa Laila

⏲ 4 minutes 28 seconds 👁 30.5K

Qinetic Music

George Lincoln D'Costa - Ei Brishti Bheja Raate

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A 6.4% gain in U.S. home prices. This according to the latest S&P CoreLogic Case-Shiller Home Price Index. This and mortgage rates soaring at 7.09%, although down from 7.22% may have some homebuyers discouraged.Veuer's Elizabeth Keatinge has more.

Real Estate Prices are Rising

⏲ 1:10 👁 30.6M

Anupam Movie Songs

Ei Brishti Bheja Raate | এই বৃষ্টি ভেজা রাতে | Runa Laila

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Changetv.press

হঠাৎ বিএনপির পক্ষে চাঞ্চল্যকর মন্তব্য জিএম কাদেরের উপদেষ্টার ! Update News | @Changetvpress

⏲ 10 minutes 38 seconds 👁 2.1K

Financial markets have increased the chances of an interest rate cut later this year after a jump in the unemployment rate. The rise is being put down to high migration and more people joining the workforce to look for a job.

Australia’s unemployment rate rose to 4.1% in April

⏲ 2:1 👁 9.5M

Laser Vision Entertainment

এক পাগলে টান দিলে দশ পাগলে নড়ে বুইরা বেটা বালিশ নিয়ে খেলে🤣😂

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Rtv Drama

Sob Dosh Hossain Alir | Eid Special | Full Natok | Mosharraf Karim, Tania Brishty | New Drama 2023

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