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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 👁 75.9M

Team Films Bhojpuri

मर्डर करा देम | #Shilpi Raj, Palan Bagi New Bhojpuri Song | Murder Kara Dem | Bhojpuri Video Song

⏲ 2 minutes 57 seconds 👁 4.8K

Menasa Music

Menasa - Den Mi Kara

⏲ 2 minutes 21 seconds 👁 732.8K

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva and Ishaan will separate, Savi will be happy. Suryaprakash Sir helped Savi, why did Ishaan get angry? Savi will now become an IAS officer, Ishaan will be surprised. For all Latest updates on Gum Hai Kisi Ke Pyar Mein please subscribe to FilmiBeat. Watch the sneak peek of the forthcoming episode, now on hotstar. <br/> <br/>#GumHaiKisiKePyarMein #GHKKPM #Ishvi #Ishaansavi <br/><br/>~PR.133~ED.140~HT.318~

Gum Hai Kisi Ke Pyar Mein Spoiler: Reeva और Ishaan होंगे अलग, Savi होगी खुश। Filmibeat

⏲ 3:13 👁 21M

Lovely Films

#VIDEO_SONG | जवानी चूनाई करा देम || Bakla Lal || Jawani Chunai Kara Dem -2020 Ka Arkeshtra Song

⏲ 2 minutes 57 seconds 👁 22.2K

BINTANG JAYA MUSIC

DJ KARA BORUTO || Make It Bundem X Habibie_Jedag Jedug Karnaval Yang kalian Cari2

⏲ 5 minutes 26 seconds 👁 103

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Walmart is closing stores and laying off employees.

Walmart closing stores, laying off hundreds

⏲ 1:45 👁 17.1M

Felmay

DEM Trio - Tevekte üzüm kara

⏲ 7 minutes 36 seconds 👁 8.1K

Bhojpuri Badshah - Lovely Video

#VIDEO | जवानी चूनाई करा देम || Bakla Lal || Jawani Chunai Kara Dem -2022 Ka Arkeshtra Song

⏲ 2 minutes 57 seconds 👁 672

Experience the adrenaline-fueled intensity in the official Team Assault' clip from Season 12 of NBC's Chicago Fire. Brace yourself for riveting performances by the stellar ensemble cast led by Jesse Spencer, Taylor Kinney, Eamonn Walker, Miranda Rae Mayo and more, as they navigate through this captivating storyline. Don't miss a moment of the action and emotion of Chicago Fire Season 12, available for streaming on Peacock now!<br/><br/>Chicago Fire Cast:<br/><br/>Taylor Kinney, Christian Stolte, Eamonn Walker, Joe Minoso, Randy Flagler, David Eigenberg, Jesse Spencer, Anthony Ferraris, Kara Killmer, Miranda Rae Mayo, Daniel Kyri, Alberto Rosende, Hanako Greensmith and Robyn Coffin<br/><br/>Stream Chicago Fire Season 12 now on Peacock!

NBC’s Chicago Fire Grapples with Intense Team Assault

⏲ 2:26 👁 13.2M

Ndambo Official

Dj Kara Boruto X Make It Bun Dem - Ndambo Sound Ft Team Dowbrag

⏲ 4 minutes 38 seconds 👁 29K

Kari 🌹

Relaxing Day | Tidy Up Chores

⏲ 28 minutes 44 seconds 👁 190K

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