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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 👁 111.8M

Pailin's Kitchen

Thai Mango Sticky Rice…rainbow style!

⏲ 17 minutes 5 seconds 👁 10.4K

Pailin's Kitchen

BEST and WORST Green Curry Paste - A Taste Test!

⏲ 21 minutes 28 seconds 👁 27K

Available Subtitles:<br/>Arabic | English | French | Hindi | Indo | Malay | Portuguese | Thai | Turkish | Vietnamese <br/><br/>Follow us @jhdanime on all platforms for latest episodes. <br/><br/>Thanks for faithfully watching on this channel and https://jhdanime.live

Soul Land 2: The Unrivaled Tang Sect Episode 49 Multi sub

⏲ 22:31 👁 4.8M

Pailin's Kitchen

How to Make My #1 Noodles Of All Time - Boat Noodles!

⏲ 15 minutes 40 seconds 👁 64.6K

Pailin's Kitchen

This Is Way Easier Than Pad Thai!

⏲ 12 minutes 46 seconds 👁 41.7K

Available Subtitles:<br/>Arabic | English | French | Hindi | Indo | Malay | Portuguese | Thai | Turkish | Vietnamese <br/><br/>Follow us @jhdanime on all platforms for latest episodes. <br/><br/>Thanks for faithfully watching on this channel and https://jhdanime.live

Immortality 《Yong Sheng》 Season 3 Episode 6 Multi Sub

⏲ 20:0 👁 13.3M

Pailin's Kitchen

Why Freezing Tofu Will Change Your Cooking Game!

⏲ 15 minutes 18 seconds 👁 58K

Pailin's Kitchen

The Madness of Spelling Thai Words in English

⏲ 16 minutes 38 seconds 👁 47.6K

Available Subtitles:<br/>Arabic | English | French | Hindi | Indo | Malay | Portuguese | Thai | Turkish | Vietnamese <br/><br/>Follow us @jhdanime on all platforms for latest episodes. <br/><br/>Thanks for faithfully watching on this channel and https://jhdanime.live

Perfect World [Wanmei Shijie] Episode 163 Multi Sub

⏲ 15:10 👁 6M

Pailin's Kitchen

The Last PAD KRA PAO Recipe You Need (Thai Holy Basil Stir Fry)

⏲ 12 minutes 11 seconds 👁 80.2K

Pailin's Kitchen

Best & Worst Thai Food According to a Thai Chef

⏲ 21 minutes 41 seconds 👁 75.4K

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