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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")
_make-these-5-investments-in-2024-and-never-work-again.webp "Tom Nash")
_stock-market-boom-how-to-invest-today-after-positive-cpi-numbers-may-2024.webp "Investing Simplified")
⏲ 8 minutes 45 seconds 👁 9.3K
_uber-unveils-uber-shuttle-at-2024-go-get-event.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Uber’s newest way for riders to get around.")
_if-i-had-36500-to-invest-in-pokemon-here39s-what-i39d-do.webp "The Poké Office")
_charlie-munger-how-to-invest-small-amounts-of-money.webp "Investor Center")
_us-inflation-falls-as-expected-in-april-bolsters-fed-rate-cut-bets.webp "U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.")
_investing-expert-how-i-went-from-360-361m-by-30-anyone-can-do-this-124-vivian-tu.webp "Lewis Howes")
⏲ 1 hour 17 minutes 49 seconds 👁 438.6K
_humans-are-how-old.webp "Galactic HFY")
_walmart-closing-stores-laying-off-hundreds.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Walmart is closing stores and laying off employees.")
_124-tvbs-20240508.webp "TVBS 文茜的世界周報 TVBS Sisy's World News")
⏲ 18 minutes 43 seconds 👁 1.1K
_124.webp "עכשיו 14")
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