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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")
_asmr-ultra-sensitive-amp-up-close-ear-to-ear-4k.webp "SkepticalPickle ASMR")
_cutting-close-up-124-asmr.webp "YT Object")
_loverunner-2024-episode-12-english-sub-tht-channel.webp "Lovely Runner (2024) Episode 12 English sub - THT Channel")
_i39m-soo-close-you39re-happy-in-30-min.webp "ASMR Onuri")
_close-up-asmr.webp "PJ Dreams ASMR")
_kurulus-osman-episode-160-english-subtitles-snack-short-channel.webp "Kurulus Osman - Episode 160 (English Subtitles)")
_asmr-close-up-visuals.webp "Patrick’s ASMR")
_asmr-124-anticipatory-tingles-better-with-eyes-closed.webp "Also Maya ASMR")
_explainer-why-is-the-average-cost-of-a-pint-close-to-5-here-in-the-uk.webp "Going to the pub is increasingly becoming a luxury with serval factors contributing to the high cost of a beverage.")
_close-up-asmr-videos-of-everyday-object.webp "UrDay")
_close-up-asmr-124-scalp-massage-amp-hairplay.webp "Isabel imagination ASMR")
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