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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 👁 115.8M

AgogoPost

UPS Tracking - Learn How To Track UPS Packages

⏲ 1 minute 9 seconds 👁 15K

Maximizing Ecommerce

EASY Way to Save on UPS Shipping | Promo Code (40 Percent Off)

⏲ 2 minutes 31 seconds 👁 1K

Hear from the managers ahead of week 38, the final week of the 23-24 Premier League season, including both title contenders, Manchester City boss Pep Guardiola and Arsenal boss Mikel Arteta and from Liverpool's Jurgen Klopp ahead of his final game in charge<br/>Various Locations, UK

23-24 Premier League Preview - Final Week

⏲ 3:42 👁 7.3M

Tech·WHYS

How do I find my UPS tracking number?

⏲ 40 seconds 👁 2.7K

Λsk Λbout Guide

Can I track a UPS truck?

⏲ 45 seconds 👁 5.4K

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 👁 18.8M

Elexus T

How UPS GPS System “Work”

⏲ 1 minute 38 seconds 👁 2K

TechRealm

How To Track a Package in UPS | 2023

⏲ 1 minute 19 seconds 👁 2.1K

A deep-space transmitter pilot begins to experience unusual flashbacks when he learns he's being sent back to Earth.<br/><br/>\

Sci-Fi Short Film \

⏲ 18:43 👁 1.7M

The UPS Store

The UPS Store Package Lockers

⏲ 40 seconds 👁 5.8K

Gaming·WHYS

How do I pick up a UPS package from my access point?

⏲ 1 minute 13 seconds 👁 5.3K

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