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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
Red Lobster Announces Nearly 100 Locations Will Be Shut Down
⏲ 1:31 👁 76.1M
Pregnancy and Postpartum TV
Best Labor Positions For Each Phase Of Labor (REDUCE LABOR PAINS)
⏲ 4 minutes 43 seconds 👁 45.3K
Bridget Teyler
HOW TO GIVE BIRTH | Top 3 BIRTH POSITIONS To Give Birth In
⏲ 9 minutes 31 seconds 👁 135K
Singapore's Lawrence Wong was sworn in on Wednesday (May 15) as its first new premier in 20 years and only its fourth leader since independence. <br/><br/>51-year-old Wong will retain his current position as finance minister and takes charge of a country led for two decades by Lee Hsien Loong, the 72-year-old son of Lee Kuan Yew, the founder of modern Singapore who stayed in politics until his death in 2015. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
Singapore swears in its first new PM in two decades
⏲ 2:9 👁 19.3M
Bridget Teyler
LABOR POSITIONS FOR EASIER BIRTH | Open Each Level Of The Pelvis
⏲ 9 minutes 8 seconds 👁 122.8K
Beaumont Health
Birth Positions | Beaumont Labor and Birth
⏲ 4 minutes 59 seconds 👁 85K
As the PGA Championship at Valhalla is just one week away, the course where Rory Mcilroy last felt major glory a decade ago, he’s in flying form and following a Wells Fargo tournament win, is in a great position to be at the very top of the sport once again. <br/><br/>Interviews and video footage courtesy of The PGA
Rory McIlroy believes if he ‘repeats current form’ at Valhalla’s PGA Championship he could repeat feat set in 2014
⏲ 3:0 👁 10.8M
Nucleus Medical Media
Childbirth Stations of Presentation
⏲ 1 minute 55 seconds 👁 1.5M
Beaumont Health
Squatting Positions | Beaumont Labor and Birth
⏲ 3 minutes 54 seconds 👁 24.8K
U.S. House Speaker Mike Johnson became the highest-ranking Republican to show up at court with Donald Trump on Tuesday, using his powerful position to attack the hush money case against the former president as an illegitimate “sham.”
Speaker Mike Johnson Lends Support to Trump Outside Hush Money Trial
⏲ 1:24 👁 13.9M
BabyCenter
8 positions to ease labor pain
⏲ 2 minutes 48 seconds 👁 1.5M
Medical Legal Art
Birth Stations of Presentation (-5 to +5 Positions)
⏲ 30 seconds 👁 272.9K
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