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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 👁 48.2M

Access All Areas Seminars

AAA X CARIBBEAN MUSIC INDUSTRY - DJ Little Links vs DJ Longers

⏲ 22 minutes 45 seconds 👁 2.3K

Ryan Lawson (DJ Motive)

Young Bro Collection | Mixed By DJ Motive | 60 Tracks!!! | TRACKLIST IN DESCRIPTION

⏲ 2 hours 47 minutes 16 seconds 👁 48.7K

Learner drivers across the country are being faced with an average of a 14-week wait when trying to book a driving test, and nearly two-fifths of test centres are experiencing wait times as long as five months or more.

Testing Time: The Driving Exam backlog

⏲ 12:0 👁 31.9M

CSX Digital

DJ Chef (Flavour Mag) & DJ Longers (MTV Base) Shoutout to AMMG (Watch in 1080p HD)

⏲ 28 seconds 👁 77

DJ DOTCOM

DJ DOTCOM PRESENTS NO LONGER A SLAVE TO FEAR GOSPEL MIXTAPE (GOLD COLLECTION) 🌎🙏

⏲ 1 hour 9 minutes 51 seconds 👁 124.4K

Piers Morgan is teasing an interview with the real-life 'Baby Reindeer' stalker. The breakout Netflix hit - created by and starring Scottish comedian Richard Gadd inspired by a traumatic, six-year-long stalking incident has inspired a flurry of headlines. Because Gadd pulled from personal experience to craft the true crime tale, many have attempted to track down the real people behind 'Baby Reindeer's' characters.

Real-Life 'Baby Reindeer' Stalker to Speak Out In New Interview With Piers Morgan | THR News Video

⏲ 1:42 👁 22.1M

DJ Longer JLB

DJ Longer- Music War

⏲ 5 minutes 27 seconds 👁 265

DJ Longer JLB

DAFT PUNK- TECHNOLOGIC (REMIX DJ LONGER)

⏲ 3 minutes 22 seconds 👁 96

We have some exciting news just coming in for all you Lord of the Rings fans out there. A new movie is in the works, titled \

New Lord of the Rings Movie The Hunt for Gollum Set for Release in 2026

⏲ 0:47 👁 110.6M

DJ Longer JLB

DJ Longer- Started With Birds

⏲ 3 minutes 25 seconds 👁 163

DJ Longer JLB

Lexy & K-Paul - Vicious Love (Dj Longer Mashup Remix)

⏲ 3 minutes 16 seconds 👁 794

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