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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")
_mona-thailand.webp "Thai air way")
_.webp "FLI:P")
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_bujhina-toh-tai-124-nusraat-faria-124-mumzy-stranger-124-baba-yadav-124svfmusic.webp "SVF Music")
⏲ 3 minutes 21 seconds 👁 6.6M
_dance-trend-wanabe-why-monadance-trending-shorts.webp "Dancelax")
_the-chefs-who-want-nothing-to-do-with-guy-fieri-amp-those-who-love-him.webp "For every fan of Guy Fieri and his bleach-blond haircicles is a gastro grump dropping hate bombs crispier than a hot chicken sando. Here are six chefs who love Guy Fieri, and five who don't.")
_sexy-silicon-tits-hot-thai-lb-mona.webp "Penelope black Diamond")
_mong-nan-nan-tiktok-viral-by-flip-124-zumba-124-tml-crew-evo-manila.webp "Mark Kramer Pastrana")
_escorting-the-heiress-2024.webp "Fiance dumps you, wake up next morning next to a hot escort who might solve your problems.")
_how-to-make-authentic-pad-thai-in-5-mins-pad-thai-sauce-recipe.webp "Pailin's Kitchen")
_fin-124-2-124-ep-13-124-ch3thailand.webp "Ch3Thailand")
⏲ 8 minutes 44 seconds 👁 4.8M
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