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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 👁 116.2M

Punish

ILL Gameplay Trailer 4K (New FPS Horror Game 2023)

⏲ 5 minutes 35 seconds 👁 1.2M

Centre For Evil

The Day Before 2.0? Is ILL a SCAM Horror Game?

⏲ 6 minutes 23 seconds 👁 6K

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today. from ill game

Locals in a Devon town who are unwell with symptoms of a waterborne disease said they started feeling ill more than a week ago – but were only told to stop drinking their tap water today.

⏲ 3:45 👁 21.3M

WildGamerSK

ILL New Gameplay Demo 15 Minutes 4K

⏲ 15 minutes 25 seconds 👁 625.1K

WildGamerSK

ILL Official Trailer (New FPS Horror Game 2024) 4K

⏲ 2 minutes 21 seconds 👁 693.5K

Reaction of sports director Marc Reef from Team Visma | Lease a Bike after the abandon of Cian Uijtdebroeks, 5th of the Giro and Maglia Bianca.<br/><br/>Video : @vismaleaseabike

Cycling - Giro d'Italia 2024 - Cian Uijtdebroeks fell ill and abandon the Giro : \

⏲ 1:30 👁 23.5M

MedievalMadness

Medieval Palaces That Have Been Lost To Time...

⏲ 10 minutes 40 seconds 👁 1.2K

LSU Sports

LSU Baseball Sweeps Ole Miss with 9-3 Win in Game 3 | Highlights

⏲ 8 minutes 8 seconds 👁 560

In a dramatic turn of events world No. 1 golfer Scottie Scheffler found himself in the spotlight outside the Valhalla Golf Club for all the wrong reasons. Earlier that day, a man was fatally struck by a shuttle bus outside the golf course, causing traffic backups. Scheffler, seemingly caught up in the chaos, attempted to drive into the club's entrance. His ill-fated decision led to a collision course with law enforcement.

Golf Star Scottie Scheffler Arrested After Chaotic Confrontation with Police Outside Valhalla!

⏲ 0:59 👁 255K

Mighty Minor

this level is attempted murder

⏲ 32 minutes 44 seconds 👁 2.7K

Hollow

A disturbing horror game based on a true story..

⏲ 42 minutes 59 seconds 👁 120.2K

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