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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")
_rajayoga-124-full-ep-159-124-15th-may-2024-124-tarangtv-124-tarang-plus.webp "Tarang TV")
_geethagovindampromo.webp "Asianet")
⏲ 40 seconds 👁 9.7K
_reddit-stock-rises-on-partnership-with-openai-the-details.webp "In a new blog post, Reddit and OpenAI announced a partnership that will give OpenAI’s ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising.")
_dark-reality-of-internet-fame.webp "Vedant Rusty")
_car-accident-124-paagal-pavithraa.webp "Paagal Pavithraa")
_what-do-you-like-about-living-in-meanwood-which-was-named-one-of-the-coolest-neighbourhoods-in-britain.webp "We asked the people of Leeds what they like about living in Meanwood, which was named by The Telegraph as one of the coolest neighbourhoods in Britain.")
⏲ 2:53 👁 44.4M
_secret-agent-photo.webp "Helen of sparta")
⏲ 11 minutes 53 seconds 👁 15.2K
_124-street-food-kerala.webp "Street Food Kerala")
⏲ 8 minutes 👁 3.3K
_missed-the-northern-lights-you39re-not-alone.webp "Here's what mundane things we were doing instead.")
_see-differences-between-rashmika-mandanna-hugging-vijay-deverakonda-and-dulquer-salmaan-124-filmylooks.webp "Filmylooks")
See Differences between Rashmika Mandanna hugging Vijay Deverakonda and Dulquer Salmaan | Filmylooks
⏲ 58 seconds 👁 320.5K
_vijay-devarakonda-fun-with-rashmika-mandanna-post-gym-session-124-tfpc.webp "TFPC")
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