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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")
_how-to-bid-at-an-online-auction-amp-how-to-spot-a-fine-miniature.webp "D. Thomas Miniatures")
_i-bought-a-factory-flawed-mini-cooper-turbo-for-361000-at-auction-how-did-mini-get-away-with-this.webp "Samcrac")
⏲ 18 minutes 58 seconds 👁 237.1K
_solent-forts-for-sale.webp "Spitbank Fort and No Man's Fort in the Solent are both going up for auction with Savills next month.")
_million-dollar-diecast-collection-bought-at-storage-auction.webp "Craigslist Hunter")
_gigantic-antique-cast-iron-auction-griswold-wagner-amp-antiques.webp "RadRelics")
_i-bought-a-36410-mystery-storage-unit-it-contained-3670k-of-designer-clothes.webp "A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total.")
_running-your-own-auction-124-the-collectors-cast-124-37.webp "The Collectors Cast")
_key-amp-peele-auction-block.webp "Comedy Central")
_boldon-auction-galleries39s-quirky-teapot-collection.webp "Boldon Auction Galleries are set to auction off a wide selection of quirky teapots.")
_cast-iron-adventure-auction-find-106.webp "Doris Anne Beaulieu")
_full-episode-antiques-roadshow-124-series-38-ep-1-124-bbc-select.webp "BBC Select")
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