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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")
_deku39s-growing-adventure-comic-dub.webp "Kawaii Jehlani The Hedgehog")
_training-124-mha-124-gacha-meme-124-tired-deku.webp "chiyumii !")
_lorry-driver-smashes-into-broken-down-horsebox-killing-horse.webp "Dramatic dashcam footage shows the moment a lorry driver smashed into a broken-down horsebox, killing a horse.")
_9234finally-free9234-hero-deku-bnha-mha-gacha-inspired-ft-eri-sfw.webp "【S H I O N】")
⏲ 33 seconds 👁 198.4K
_tiny-izuku-my-hero-academia-comic-dub.webp "Mi Comic")
_shock-rocker-and-music-legend-ignatius-jones-sits-down-with-donnie-sutherland.webp "Archival footage of Ignatius Jones being interviewed on an episode of Sounds with Donnie Sutherland that originally aired 20th December 1980.")
_evie39s-shrinking-snap.webp "Anonymoly")
_39-how-hard-is-your-life-39-124-meme-124-deku-angst-124-bnha-124-mha-124-gacha-club.webp "Karllqv_")
_kamala-harris-tells-asian-americans-to-kick-the-fkin-door-down-when-facing-adversity.webp "Vice President Kamala Harris offering advice to young Asian Americans, Native Hawaiians and Pacific Islanders. It happened at the Asian-Pacific American Institute For Congressional Studies Legislative Leadership Summit.Veuer's Elizabeth Keatinge has more.")
⏲ 0:32 👁 5M
_how-to-calm-down-an-angry-deku.webp "•butterfly•")
_dyslexic-deku.webp "Moon Animation")
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