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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 👁 41.6M
dakota of earth
New Delhi's Dangerous Naughty Street (GB Road Red Light District)
⏲ 14 minutes 13 seconds 👁 93.8K
Trip Pisso
WALKING IN DUBAI RED LIGHT AREA | BANIYAS SQUARE- DEIRA | TRIP PISSO
⏲ 18 minutes 40 seconds 👁 137.9K
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 👁 19.4M
Red Street Explorer
latest Video Budhwar Peth #Pune Red light area #300rs only
⏲ 5 minutes 2 seconds 👁 278.1K
South China Morning Post
The lives of sex workers and their children on G.B Road, New Delhi's biggest red-light district
⏲ 13 minutes 21 seconds 👁 2M
The Great Indian Kapil Show EP 7<br/>
The Great Indian Kapil Show EP 7
⏲ 50:45 👁 18.8M
DW Documentary
India’s prostitution villages | DW Documentary
⏲ 12 minutes 26 seconds 👁 4.4M
Reality of Red area
Delhi road side girl | red light area in delhi 2022 | aaj tak live | indian red light area new
⏲ 1 minute 1 second 👁 6.6K
The 77th edition of the Cannes Film Festival will take place from May 14 to May 25 at the French Riviera. This year, the prestigious film festival is jam-packed with premieres, star-studded press conferences, and lavish parties. \
Cannes 2024: Know Date, Time, Venue, Indian Celebrity Lineups, All The Details About Film Festival
⏲ 1:38 👁 12.1M
AJ Vlogs 46
Red Light Area 🔴Guwahati, Ganeshguri 📌 Exposed ☹️PART-2
⏲ 12 minutes 16 seconds 👁 271.1K
The NYC Walking Show
New York City’s Red Light District Walk: Roosevelt Avenue Queens NYC
⏲ 32 minutes 44 seconds 👁 1M
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