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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 👁 109.3M

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I’m an expert and this is how to tell if what you are eating is authentic.<br/><br/>Food writer and Great British Bake Off 2019 winner, David Atherton, explained a traditional Neapolitan Margherita is protected by EU law to be made with Italian flour, tomatoes, and genuine mozzarella.<br/><br/>Hand-kneading the dough is a strict requirement and the diameter should be no larger than 35cm with a crust between one and two centimetres tall.<br/><br/>When it comes to eating a Cornish pasty, you should look out for the distinctive crimping down the sides, which traditionally served as a handle for the miner’s hands.<br/><br/>It should be filled with mince, potato, swede and onion. The beef should make up exactly 12.5 per cent of the filling with vegetables making up a quarter – seasoned with just salt and pepper.<br/><br/>He explained the New York bagel should always be boiled before being baked to create a distinctive soft texture while retaining a good chew and a golden crust.<br/><br/>He adds “If it’s not from New York , it’s just a roll with a hole.”<br/><br/>Alastair Unite, a spokesperson from from New York Bakery Co., which commissioned the research, said: “We’re on a mission to champion authenticity. That’s why we’ve teamed up with David Atherton as the nation’s ‘Chief Authenticity Expert’.

Signs your food is authentic and not a cheap knock off - from pizzas to pasties

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The Biden administration has notified Congress of its intention to transfer $1 billion worth of weapons to Israel. The move comes days after the US withheld shipments of certain munitions to Israel during its operation in Gaza. President Biden had said US weapons transfers could be curtailed if Israel expanded its ground offensive into civilian areas of Rafah. Last month, Congress approved $95 billion in foreign aid, including military aid for Israel, Ukraine, and Taiwan. Congressional approval will be required for the transfer to go through.

Biden Administration Seeks Congressional Approval for $1 Billion Weapons Transfer to Israel

⏲ 0:36 👁 885K

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Parking spaces for apartment owners could soon be a thing of the past for inner-city Brisbane residents. The Lord Mayor has announced plans to scrap carparking requirements on new high rises in the hope it'll drive prices down.

Brisbane Mayor announces plans to scrap carparking requirements for new high rise apartments

⏲ 2:7 👁 705K

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