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_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "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")
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_tcg-day-1-124-2024-pokmon-indianapolis-regional-championships.jpg "The Official Pokémon YouTube channel")
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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "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")
_tcg-day-2-124-2024-pokmon-indianapolis-regional-championships.webp "The Official Pokémon YouTube channel")
_vg-day-1-124-2024-pokmon-indianapolis-regional-championships.webp "The Official Pokémon YouTube channel")
_knicks-dominate-pacers-now-1-win-away-from-conference-finals.webp "Knicks Dominate Pacers, Now 1 Win Away From Conference Finals from pokemon indianapolis")
_tcg-day-1-124-2024-pokmon-indianapolis-regional-championships.webp "The Official Pokémon YouTube channel")
_andrew-hedrick-vs-grant-shen-pokmon-tcg-masters-finals-124-indianapolis-regionals-2024.webp "The Official Pokémon YouTube channel")
_pacers-set-to-dominate-as-knicks-falter-124-nba-592-14-preview.webp "Pacers Set to Dominate as Knicks Falter | NBA 5\ 14 Preview from pokemon indianapolis")
_andrew-zheng-vs-rajan-bal-pokmon-vg-masters-finals-124-indianapolis-regionals-2024.webp "The Official Pokémon YouTube channel")
_durag-and-the-deertag-episode-204-hoodwinked-w-lemaire-lee.webp "Durag and the Deertag")
_explosive-pacers-destroy-knicks-what-went-wrong-for-ny.webp "Explosive Pacers Destroy Knicks: What Went Wrong for NY from pokemon indianapolis")
_ancient-box-stockholm-regionals-2024-tournament-report-pokemon-tcg.webp "Rahul Reddy")
_if-i-laugh-the-video-ends-with-an-eye-tracker-12.webp "Jimmy Here"){kind=tracking}
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