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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 👁 81.2M

Fleetwood Mac

Fleetwood Mac - The Chain (Official Audio)

⏲ 4 minutes 32 seconds 👁 14.1M

T-Series Apna Punjab

Chain (Sanu Ik Pal Chain) Full Lyrical Video Song | Shivai Vyas | Bawa Gulzar | T-Series

⏲ 6 minutes 6 seconds 👁 34.6M

Holy Molly Refresher Chain Frost Combo | Sumiya Invoker Stream Moments 4335 from chain song

Holy Molly Refresher Chain Frost Combo | Sumiya Invoker Stream Moments 4335

⏲ 22:53 👁 35.2M

Sean Ludwig

Sam Cooke - Chain Gang (High Quality)

⏲ 2 minutes 42 seconds 👁 4.2M

The Howard Stern Show

The Highwomen Cover “The Chain” in Howard Stern’s Studio

⏲ 4 minutes 40 seconds 👁 4.8M

Popular national café chain Pret a manger is to open a second location in Worthing after its first branch opened in Worthing town centre last year. This one will be at the BP service station in Brighton Road.

New Pret a Manger to open in Worthing

⏲ 0:6 👁 9.2M

Fleetwood Mac

Fleetwood Mac - The Chain (Official Music Video) [HD]

⏲ 4 minutes 55 seconds 👁 20.5M

Young Pilgrim Music

Fleetwood Mac - The Chain (Lyrics)

⏲ 4 minutes 35 seconds 👁 562.7K

All Episodes (Playlist) → https://www.dailymotion.com/playlist/x7aj9v<br/><br/>\

Yargi \Judgement - Episode 93 (English Subtitles)

⏲ 2:18:18 👁 8.1M

Fox News

Michael Cohen would have said anything to get out of this: Judge Jeanine

⏲ 3 minutes 46 seconds 👁 11.1K

MeidasTouch

VERY SCARED Trump ARRIVES at Trial PANICKING with Team

⏲ 12 minutes 30 seconds 👁 55.8K

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