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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")
_eid-natok-124124-shongi-124124-124124-ft-siam-ahmed-nusrat-imrose-tisha-124124-rtv-drama-eid-special.webp "Rtv Drama")
⏲ 45 minutes 47 seconds 👁 1.2M
_tomar-amar-prem-124-124-siam-ahmed-124-ognila-124-mizanur-rahman-aryan-124-bangla-natok.webp "CD CHOICE Drama")
⏲ 59 minutes 49 seconds 👁 9.8M
_do-me-over-full-movie.webp "Do Me Over Full Movie")
_hotat-valobasha-124-124-siam-ahmed-124-ognila-124-mizanur-rahman-aryan-124-bangla-short-natok.webp "CD Choice")
⏲ 44 minutes 👁 108.5K
_blue-bird-124-124-siam-ahmed-urmila-srabonti-kor-evana-124-bangla-new-natok.webp "Bongo Dramas")
⏲ 1 hour 14 minutes 26 seconds 👁 84.9K
_lee-martin39s-the-midnight-hour--black-fortune-6-4.webp "Lee Martin's The Midnight Hour_ Black Fortune (6.4)")
_bhalobashar-ninja-technique-siam-mridha-zeba-jannat-new-natok-2023.webp "Kath Golap")
⏲ 37 minutes 10 seconds 👁 246.1K
_poroshpor-124-full-drama-124-tasnia-farin-124-khairul-basar-124-sazzad-hossain-bappi-124-new-natok-2024.webp "CINEMAWALA")
⏲ 41 minutes 25 seconds 👁 324.1K
_arabians-items-girls-live-show-tango-jerin.webp "Arabians items girls live show tango jerin")
_124-tobuo-bhalobashi-drama-124-closeup-kache-ashar-golpo-2018.webp "Closeup Bangladesh")
⏲ 28 minutes 21 seconds 👁 1.8M
_9234-9234-124.webp "Closeup Bangladesh")
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