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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "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")
_pollen-street-group-limited-results-for-the-year-ended-31-december-2023.webp "Investor Meet Company")
⏲ 41 minutes 20 seconds 👁 39
_warren-buffett-private-equity-firms-are-typically-very-dishonest.webp "The Long-Term Investor")
_what-do-londoners-love-about-the-city-in-the-summer.webp "We ask the people of London what they love about the capital during summertime.")
_the-spectacular-rise-and-imminent-collapse-of-private-equity.webp "How Money Works")
_these-2-small-caps-can-grow-upto-100x-124-best-multibagger-shares-2024-124-raghav-value-investing.webp "Raghav's Value Investing")
⏲ 14 minutes 26 seconds 👁 32K
_terrifying-video-of-boeing-777-ablaze-when-plane-skids-off-on-senegal-runway-124-watch.webp "A Boeing 737 aircraft carrying 85 passengers skidded off the runway at Dakar Airport, Senegal's capital, resulting in 10 injuries, as reported by the transport minister. Disturbing footage shared by a passenger, Malian musician Cheick Siriman Sissoko, depicted the aircraft ablaze with passengers evacuating via emergency slides. Transport Minister El Malick Ndiaye confirmed that the Air Senegal flight, operated by TransAir, was en route to Bamako, Mali, with 79 passengers, two pilots, and four cabin crew aboard late Wednesday. <br/> <br/> <br/>#Boeing737 #SenegalPlaneFire #RunwaySkid #AviationDisaster #EmergencyLanding #PlaneAccident #SenegalAirport #SafetyAlert #PassengerSafety #AviationSafety<br/>~HT.178~PR.152~ED.103~GR.121~")
_a-sturdy-10-monthly-dividend-pflt-stock-124-my-portfolio-reveal.webp "Dividend Bull")
_why-private-equity-sucks-for-almost-everyone.webp "The Market Exit")
_reporter39s-guarantee-124-outlook39s-zaina-azhar-in-conversation-with-congress39-tanuj-punia-in-barabanki.webp "Congress candidate Tanuj Punia is up against BJP’s Rajrani Rawat in Uttar Pradesh’s Barabanki, which goes to polls in the fourth phase.<br/><br/>The young Dalit leader who had lost to BJP’s Upendra Singh Rawat in 2019, is looking to make his Lok Sabha debut this time with the poll promise of overall development of the constituency neighbouring the state capital Lucknow.")
Reporter's Guarantee | Outlook's Zaina Azhar In Conversation With Congress' Tanuj Punia In Barabanki
⏲ 3:27 👁 4.5M
_9234why-i-fire-people-every-day9234-warren-buffett.webp "FREENVESTING")
_consumers-are-growing-more-resistant-to-price-increases-says-golub-capital-ceo.webp "CNBC Television")
⏲ 5 minutes 7 seconds 👁 1K
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