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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")
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_the-absolute-best-amp-worst-egg-brands-to-buy.webp "Some egg brands treat their chickens and farmers just right, while others are hiding behind brutal and dangerous practices. Here are the best and worst brands to keep an eye out for.")
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_losing-300lbs-left-me-with-extreme-saggy-skin-124-brand-new-me.webp "A MAN who shed an incredible 310 lbs after becoming morbidly obese has had 13 lbs of loose skin removed in a life-changing procedure. At one point, John Allaire was so morbidly obese he wore 8XL shirts and had to be weighed on a commercial scale at a fish market, as standard scales would not hold his weight. But after joining a fitness programme and dropping from 540 pounds to a lean 230 lbs, the 27-year-old was left with severe excess skin. John underwent skin removal surgery in March which saw the bulk of the loose skin on his torso and arms removed – but will require further surgery in the future to remove the skin on his lower body.")
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