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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")
_pattaya-nightlife-district-thailand-2024-full-tour.webp "Rami Travel")
_124-hollywood-game-night-thailand-2024-124-ep-38-1-6-124-12-05-67.webp "MEMITI ROOM")
⏲ 16 minutes 6 seconds 👁 7K
_5-things-to-do-next-week-13-19-may-2024.webp "Assistant editor Iain Lynn with his entertainments guide to five things to do next week in and around Lancashire")
_124-hollywood-game-night-thailand-2024-124-ep-38-4-6-124-12-05-67.webp "MEMITI ROOM")
⏲ 11 minutes 4 seconds 👁 4.5K
_124-hollywood-game-night-thailand-2024-124-ep-38-2-6-124-12-05-67.webp "MEMITI ROOM")
⏲ 10 minutes 28 seconds 👁 5.1K
_balearic-islands-bans-late-night-alcohol-sales-in-mallorca-and-ibiza.webp "The Balearic islands are set to enforce a total prohibition from 9.30pm after problematic drinking and rowdiness in holiday hotspots such as Mallorca and Ibiza.")
_3924-05-15.webp "觀點")
_sashimi-britney-luda-chris-amp-linglin-play-the-ante-game-commentary-by-charlie-wilmoth.webp "Hustler Casino Live")
⏲ 5 hours 33 minutes 10 seconds 👁 25.3K
_one-fateful-night-with-my-boss-complete-short-drama.webp "One Fateful Night with my Boss (Complete) - Short Drama from night in thailand")
_jimmy-looks-back-on-10-years-of-hosting-the-tonight-show.webp "The Tonight Show Starring Jimmy Fallon")
_fall-into-a-deep-sleep-listening-to-heavy-rain-on-window-in-a-cozy-t1-campervan-124-relaxing-van-life.webp "Ambient Renders")
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