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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 👁 111.6M

CrossFit Games

Women’s Individual Event 1 — 2024 Europe Semifinal

⏲ 53 minutes 32 seconds 👁 23.8K

CF Incorporated

Welcome to CF Incorporated

⏲ 46 seconds 👁 181

Low-cost train operator Lumo has announced plans for a new service linking London and Manchester.The new service, which could start in 2027, would see six return trains a day running between Euston and Rochdale via Manchester Victoria.This would offer an alternative to passengers currently relying on Avanti West Coast services.

Rail firm Lumo to launch new London to Manchester low-cost trains

⏲ 0:54 👁 12.4M

The Cursed Judge

Game Companies are NOT Your Friends

⏲ 39 minutes 55 seconds 👁 484.2K

Force Gaming

All My Favorite Games Are Pay To Win

⏲ 18 minutes 8 seconds 👁 31K

Copeland aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/>The American company aims to significantly increase production capacity at its Cookstown plant to meet increasing European demand for sustainable low-carbon heat pumps to address climate change.<br/><br/>The investment at Ballyreagh Industrial Estate includes a 3,500 square metre building expansion including new production lines which will significantly increase overall plant production, doubling capacity and increasing flexibility to meet future demand.<br/><br/>Celebrating news of the expansion, Copeland will host a special event today (Tuesday) which will be attended by Ross Shuster, Copeland chief executive officer and Sandro Matic, president of Copeland Europe.

American firm reveals £19million investment to expand Northern Ireland production plant

⏲ 0:11 👁 14.8M

Kinda Funny Games

Can You Draw These Failed 90’s Gaming Mascots? - Game Showdown

⏲ 52 minutes 49 seconds 👁 5.3K

Ubisoft

HOW TO START A CAREER IN VIDEO GAMES

⏲ 2 minutes 44 seconds 👁 34.8K

Speeding Tesla drivers are escaping punishment because Elon Musk’s firm has repeatedly failed to co-operate with British police over who is behind the wheel of its electric cars.

Elon Musk's firm fails to tell police who was behind wheel

⏲ 0:41 👁 71.5M

Al Jazeera English

The Gaming Industry | Start Here

⏲ 7 minutes 13 seconds 👁 119.8K

WatchMojo.com

Top 5 Most Respected Video Game Developers

⏲ 5 minutes 22 seconds 👁 166.2K

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