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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 👁 49.6M

EMAP Multimedia

Daltons business. The UK's leading website for buying or selling businesses and franchises

⏲ 2 minutes 35 seconds 👁 148

Fiare

Daltons Business: \"Our eureka moment\"

⏲ 1 minute 8 seconds 👁 41

China has reportedly instructed its tech giants to reduce their reliance on foreign-made chips, particularly those from NVIDIA, and increase their purchase of domestic AI chips.<br/><br/>The Chinese government has advised major tech companies such as Alibaba, Baidu, ByteDance, and Tencent to decrease their spending on foreign-made-chips, including those from Nvidia, The Information reported on Monday, citing people familiar with the matter.

China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report

⏲ 1:4 👁 20.6M

Best Buy Metals

Behind the Scenes Dalton Business Expo Booth Best Buy Metals

⏲ 25 seconds 👁 25

Dealing With Dalton

It’s easy to have complete control over your business when you sell on @ebay !😆

⏲ 1 minute 1 second 👁 1.3K

Langton Street Bridge connects south Bristol with the central area and is one of several bridges over the New Cut section of the River Avon that bisects the city.

A Bristol bridge closed for 18 months: Why is the banana bridge closed?

⏲ 1:0 👁 18.6M

The Daltons - Cartoon in English

The Daltons 🌵 Welcome to the Daltons Palace | in English HD

⏲ 26 minutes 15 seconds 👁 144K

Evan Carmichael

Zig Ziglar Sales: Fastest Way to Become a Top Salesperson with Proven Techniques in 2024!

⏲ 34 minutes 25 seconds 👁 3.3K

Asda has unveiled plans for a mixed-use redevelopment of its Park Royal site in North West London. The retailer has joined forces with property developer Barratt London on plans to redevelop the brownfield site which is currently home to its Park Royal Superstore.

Asda unveils plans for major mixed-use development in London

⏲ 1:7 👁 29M

The Daltons - Cartoon in English

The Daltons 🌵 Jailbreak for dummies | in English HD

⏲ 19 minutes 39 seconds 👁 144.6K

The Daltons Hindi - हिन्दी

हिन्दी The Daltons 🌵Penitentiary Palace Hotel | महल |Hindi Cartoons for Kids

⏲ 12 minutes 49 seconds 👁 718.8K

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