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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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CyberFlow

How To Learn Hacking - a Full Guide(2024)

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Ryan John

Introduction to Hacking | How to Start Hacking

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A new study published in Environmental Science & Technology found toxic PFAS “forever chemicals” in the precipitation and air around the Great Lakes. Veuer’s Matt Hoffman reports.

The Great Lakes Region Has Toxic Chemicals in the Air (and Water)

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Behind The Code

How To Become A Hacker In 2023 | Step By Step Guide For Beginners

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HACK-ATHON BOOK OF WISDOM

FREE CEH 10 STUDY MATERIAL GIVEAWAY (BONUS MODULE ADDED)--INSTALLMENT 3 (HACK-ATHON BOOK OF WISDOM)

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A local western Sydney council passed an amendment to ban same-sex parent books or materials within their libraries in a meeting on May 1, 2024.

Cumberland City Council bans same-sex parent books

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5-Minute Crafts

Smart School Stationery Hacks || Back to School Hacks You Will Love

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The 35-year-old actress and former Eat Bulaga! host enjoys a quieter part of the limelight for now because her time and focus are on her family. In this episode of Usap Tayo, #PauleenLunaSotto shares her journey through motherhood, now as a mother of two. #usaptayo #SmartParentingxPauleenLunaSotto #Motherhood

Usap Tayo: #PauleenLunaSotto: A Day in the Life of a Mom of Two

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freeCodeCamp.org

Linux for Ethical Hackers (Kali Linux Tutorial)

⏲ 2 hours 1 minute 👁 2.8M

Grant Collins

I Played HackTheBox For 30 Days - Here's What I Learned

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