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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 👁 110.7M
EMS Media
Attorney Maxine Matta
⏲ 7 minutes 41 seconds 👁 1
Que Pasa Links
Jorge Matta, abogado de inmigración - Carolina del Norte
⏲ 38 seconds 👁 873
Vladimir Pereverzin is a former businessman from Russia. He was imprisoned for seven years in some of Russia'’s most notorious jails and penal colonies on fabricated charges of embezzlement and fraud.<br/><br/>Pereverzin tells Business Insider about life in Russian jails and prisons, including details about police interrogations, solitary confinement, and forced labor. He describes the conditions in prison camps and discusses his time behind bars at several of the penal colonies that also held the Russian opposition leader Alexey Navalny. <br/><br/>Pereverzin worked in Cyprus for Yukos, an oil company owned by the billionaire businessman Mikhail Khodorkovsky. In 2005, Khodorkovsky was sentenced on charges of fraud, which were widely considered to be politically motivated. Russian prosecutors accused other Yukos executives alongside Khodorkovsky, Pereverzin among them.<br/><br/>Pereverzin's book about his experiences, \
How prison in Putin's Russia actually works, according to a former penal colony inmate
⏲ 26:26 👁 12.4M
Matta Law Firm
DAPA
⏲ 3 minutes 8 seconds 👁 8
Matta Matta
PERSONAL INJURY LAW FIRM($60.56)
⏲ 2 minutes 13 seconds
Low-cost train operator Lumo has announced plans for a new service linking London and Manchester.The new service, which could start in 2027, would see six return trains a day running between Euston and Rochdale via Manchester Victoria.This would offer an alternative to passengers currently relying on Avanti West Coast services.
Rail firm Lumo to launch new London to Manchester low-cost trains
⏲ 0:54 👁 11.5M
HDEBAY TV
IYAWO META | ODUNLADE ADEKOLA, MERCY AIGBE, REGINA DANIELS | Nollywood Movies | Yoruba Movies 2024
⏲ 1 hour 32 minutes 3 seconds 👁 386.2K
The Telegraph
Putin claims ‘no plans’ to capture Kharkiv & huge drone attack on Russian naval bases | Ukraine Pod
⏲ 1 hour 8 minutes 18 seconds 👁 8.6K
Copeland aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/>The American company aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/><br/>The investment at Ballyreagh Industrial Estate includes a 3,500 square metre building expansion including new production lines which will significantly increase overall plant production, doubling capacity and increasing flexibility to meet future demand.<br/><br/>Celebrating news of the expansion, Copeland will host a special event today (Tuesday) which will be attended by Ross Shuster, Copeland chief executive officer and Sandro Matic, president of Copeland Europe.
American firm reveals £19million investment to expand Northern Ireland production plant
⏲ 0:11 👁 14.6M
LegalEagle
OceanGate Is Getting Majorly Sued
⏲ 25 minutes 31 seconds 👁 2.7M
GrayLaw TV
How to Find a Good Immigration Lawyer - U.S. Immigration Attorney Shares 5 Tips - GrayLaw TV
⏲ 9 minutes 24 seconds 👁 8.6K
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