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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 👁 51.1M

Insider

5 Brits Take A DNA Test

⏲ 12 minutes 44 seconds 👁 2.5M

Tiana Michelle

AncestryDNA 🧬 results as an African American

⏲ 29 seconds 👁 5.7M

In one of the most controversial Eurovision song contests of all time...

Eurovision controversy, viewing figures, winners and losers...

⏲ 1:13 👁 75.9M

Americans Channel

This Couple's Been Married For 38 Years, Then DNA Test Shows An Unwelcome Truth

⏲ 12 minutes 51 seconds 👁 269.9K

GoBlack2Africa

Jewish Americans show their DNA results. We’re not Jews? WHAT?

⏲ 11 minutes 18 seconds 👁 195.8K

An unusually strong solar storm hitting Earth produced stunning displays of color in the skies across the Northern Hemisphere early Saturday.

Solar Storm Hits Earth, Resulting in Colorful Light Shows Across Northern Hemisphere

⏲ 1:23 👁 26.4M

60 Minutes Australia

Aussie dad devastated by shock DNA testing revealing his kids aren't his | 60 Minutes Australia

⏲ 16 minutes 29 seconds 👁 1.8M

What Would You Do?

Daughter reveals her surprising DNA test results l WWYD

⏲ 11 minutes 53 seconds 👁 2.3M

This is the shocking moment a fighter jet bounced off a runway before the pilot ejected and died.Squadron leader Asim Jawad, 32, appeared to be attempting Top Gun style three aileron rolls at low altitude when the fuselage of the Yakovlev Yak-130 scraped along the tarmac. CCTV shows smoke and sparks erupting from the Russian-made jet before Asim pulled up and appeared to be circling the runway in Chattogram, Bangladesh, on May 9.However, the footage shows a sudden explosion before Bangladesh Air Force pilot Asim and his co-pilot Wing Commander Sohan Hasan Khan both ejected.Local media reported that the two pilots both landed in the Karnaphuli River before being rescued by members of the air force, navy and local fishermen.Asim later died in hospital while Sohan remains in critical condition at the Banouja Isa Khan Hospital in Patenga. The aircraft was later recovered from the water.The government's Inter-Services Public Relations (ISPR) said in a statement that the training jet had 'crashed due to a mechanical failure'.They claimed the pilots manoeuvred the aircraft away from the densely populated area near the airport to the sparsely populated area where they crashed.However, CCTV footage of the incident appears to show the crash was caused by the high-risk stunt.A source said: 'The Bangladesh Air Force claimed the crashed YAK 130 fighter jet encountered mechanical failure, resulting in a catastrophic crash in the Patenga area of Chittagong. However, recently obtained CCTV footage from the runway area contradicts this claim by BAF, displaying a chilling sequence where the aircraft attempts to perform three consecutive aileron rolls at a perilously low altitude, nearly colliding with the runway in the process.'The footage reveals the jet scraping the runway at high speed, causing significant damage to the fuselage and igniting a fire. At the 19-second mark, a slowed-down analysis shows fragments of the aircraft detaching as it rebounds and gets airborne.'In the critical moments that followed, as captured in the video, the engine became engulfed in flames, emitting black smoke. The two pilots, demonstrating exceptional skill under pressure, managed to eject from the flaming jet. The ejection, a procedure known to exert enormous g-force on the body, often results in temporary loss of consciousness.'

Pilot dies after attempting high-risk ‘Top Gun’ stunt in fighter jet

⏲ 2:59 👁 22.3M

Tamron Hall Show

Her At-Home DNA Test Revealed a Huge Family Secret

⏲ 9 minutes 46 seconds 👁 548.9K

NEIL SEAN'S DAILY NEWS HEADLINES

MEGHAN SET TO SWING THE AXE AGAIN AFTER THIS MEGA MELTDOWN? #royal #news #archewellfoundation

⏲ 4 minutes 18 seconds 👁 34K

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