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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

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So You Want To...

7. APM PFQ - Business Case Financial Appraisal

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Kaplan UK

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It's unfortunate, but people make the same money mistakes all the time. Here are six surefire mistakes that can kill your retirement – and remedies that can help get you back on track.

Costly Retirement Mistakes And How To Avoid Them

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lewwinski

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FOG Accountancy Tutorials

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China has reportedly instructed its tech giants to reduce their reliance on foreign-made chips, particularly those from NVIDIA, and increase their purchase of domestic AI chips.<br/><br/>The Chinese government has advised major tech companies such as Alibaba, Baidu, ByteDance, and Tencent to decrease their spending on foreign-made-chips, including those from Nvidia, The Information reported on Monday, citing people familiar with the matter.

China Urges Tech Giants To Shift Away From Nvidia And Other Foreign Chip Makers, Boost Domestic AI Chip Purchases: Report

⏲ 1:4 👁 20.6M

TakingTheBiz

A level Business Revision - The ARR Method of Investment Appraisal

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Win The House You Love

How Does A Home Appraisal Work?

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The EU falls short of the research funding levels called for and is at a clear disadvantage compared to South Korea, the United States, and Japan.

European scientists call for 3% of GDP to be devoted to research

⏲ 2:11 👁 13.3M

TOLU SULE ACADEMY

Adjusted Present Value APV: INVESTMENT APPRAISAL (ICAN SFM)

⏲ 15 minutes 13 seconds 👁 2.6K

Sabi Akther

ACCA I Advanced Financial Management (AFM) I Weighted Average Cost of Capital (WACC) - AFM Lecture 4

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