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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 👁 49.5M

U.S. Army Center for Army Leadership

A Professional Discussion: Military Expertise

⏲ 4 minutes 57 seconds 👁 3.4K

IET

General Dynamics & Ricardo develop innovative military patrol vehicle

⏲ 2 minutes 59 seconds 👁 3.2K

Former military lawyer David McBride has been sentenced to five years and eight months jail in the ACT Supreme Court for sharing classified military documents with journalists.

Former military lawyer sentenced to 5yrs, 8 months in jail

⏲ 2:16 👁 50.5M

US Defense News

U.S. Army Testing Innovative Solution to Detect and Neutralize Landmines

⏲ 4 minutes 29 seconds 👁 1.4K

RIFLES IET LONDON

RIFLES History (first video)

⏲ 28 minutes 59 seconds 👁 5.7K

May 20th is the scheduled date of the Fifth Phase of the Lok Sabha Elections. And one of the seats in this crucial contest where voting will take place is the Raebareli Constituency. The Congress, on May 3, announced Rahul as a candidate from Raebareli and loyalist KL Sharma from Amethi, keeping Priyanka as well as Vadra out of the electoral contest. <br/> <br/>Rahul Gandhi is a sitting MP in Kerala's Wayanad, where he is seeking a fresh term alongside Rae Bareli. Rahul represented Amethi from 2004 until 2019. He will face Congress defector and three-time MLC Dinesh Pratap Singh of BJP in Rae Bareli.<br/> <br/>With Rae Bareli going for election,Oneindia Team talks to the locals and gauge the political pulse.<br/> <br/> <br/> <br/>#LokSabhaElections #Raebareli #RaebareliElection #RahulGandhi #VoxPop #Lucknow #RajnathSingh #PMModi #BJPnews #BJP #Congress #INDIAAlliance #Politics #Oneindia #OneindiaNews <br/>~HT.178~PR.282~GR.124~

LS Polls 2024: Rahul Gandhi Faces BJP Defector in Rae Bareli | Locals Share their Opinions | Voxpop

⏲ 4:51 👁 25M

IET

IET National Conference - Electrotechnical Competence

⏲ 2 hours 28 minutes 51 seconds 👁 1.3K

Pintova Albertova

glossary of military terms full slide with symbol

⏲ 11 minutes 54 seconds 👁 3.5K

King Charles has handed over the role of Colonel-in-Chief of the Army Air Corps to Prince William in a ceremony in Hampshire. It comes just two weeks after the King returned to public duties following his cancer diagnosis.Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

King Charles hands military role to William

⏲ 3:7 👁 38.3M

Adam Nugent Rosenberger

IET soldiers chapter4 part 1

⏲ 15 minutes 58 seconds 👁 6

IET

5 Reasons why you should consider IET membership!

⏲ 2 minutes 30 seconds 👁 2.3K

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