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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

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hockayegnu

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The Premier League Panel looks at how mid-table clubs can move forward.

The Premier League Panel: Does scouting hold the key for smaller sides, or finding the right coach?

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Also Maya ASMR

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Rachel Tessman

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Chelsea boss Mauricio Pochettino says it is great to have the top six and European qualification in their own hands ahead of their Premier League clash with Bournemouth<br/>Cobham, London, UK

Top six is in our hands, need to close it out - Pochettino

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Susan Campfield: Suestampfield

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Is It Safe To Use Air Fryer Daily: आजकल एयर फ्रायर काफी ज्यादा ट्रेंड में हैं। आपको सोशल मीडिया पर कई ऐसी वीडियो मिल जाएगी, जिसमें एयर फ्रायर के जरिये कोई डिश बनाई जाती है। हालांकि वेट लॉस के लिए यह काफी फायदेमंद है। क्योंकि इसमें आप कोई भी स्नैक्स बिना तेल के बना सकते हैं। एयर फ्रायर में समोसे से लेकर पकोड़े तक बिना तेल के तैयार हो सकते हैं। लेकिन क्या आपने सोचा है यह आपकी सेहत के लिए हेल्दी है या नहीं? क्या रोज एयर फ्रायर में खाना तैयार करना सुरक्षित है? <br/> <br/>Is It Safe To Use Air Fryer Daily: Nowadays air fryers are very much in trend. You will find many such videos on social media, in which a dish is made through air fryer. However, it is very beneficial for weight loss. Because in this you can make any snacks without oil. Everything from samosas to pakoras can be prepared in the air fryer without oil. But have you thought whether it is healthy for your health or not? Is it safe to prepare food in an air fryer every day? <br/> <br/>#airfryersideeffects #airfryerdailycooking #airfryerweightgain #airfryerstomachcancerrisk #airfryerkenuksan #airfryerhowtouse <br/><br/>~PR.111~ED.318~ED.120~

Air Fryer Side Effects: Daily Cooking से Weight Gain, Stomach Cancer Risk | Boldsky

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Catherine Sews

Beginner Upcycle! Add a pocket while you make pants smaller

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