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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")
_the-little-red-hen-124-bedtime-stories-for-kids-in-english-124-storytime.webp "Fairy Tales and Stories for Kids")
_the-little-red-hen-us-english-accent-thefablecottage-com.webp "The Fable Cottage")
_liverpool-have-reached-europes-elite-in-jurgen-klopp-era-how-difficult-is-it-to-replace-him.webp "A look at Liverpool’s next manager in charge as the emergence of Arne Slot as the front runner to take charge at Anfield took the footballing world by surprise. The aims for the new boss are set to ensure more success at the club but the job will not be easy.")
⏲ 3:0 👁 15.8M
_prince-little-red-corvette-official-music-video.webp "Prince")
_the-little-red-hen-124-fairy-tale-for-kids.webp "Super Simple TV - Kids Shows u0026 Cartoons")
_england-cricket-great-jimmy-anderson-set-to-call-time-on-illustrious-career-this-summer.webp "As the curtain is closing on Jimmy Anderson’s marvellous international cricket career, following the announcement, lets take a look at what the bowler went on to achieve for his country and what legacy he leaves behind as he’s ready to say goodbye.")
⏲ 1:0 👁 13.7M
_little-red-corvette-2019-remaster.webp "Prince")
_the-little-red-hen-fairy-tales-and-bedtime-stories-for-kids-in-english.webp "Fairy Tales and Stories for Kids")
⏲ 7 minutes 4 seconds 👁 904.3K
_ryan-reynolds-talks-following-john-krasinski39s-vision-as-a-director-for-39if39-124-thr-video.webp "Ryan Reynolds tells THR how he found it easy to follow John Krasinski's vision as a director for the 'IF' movie. Plus, he shares how both Gene Wilder and his own children inspired his role.")
⏲ 1:57 👁 6.5M
_little-red-and-big-red.webp "Do it in the Dirt")
_miranda-lambert-little-red-wagon.webp "Miranda Lambert")
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