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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")
_parasaurolophus-dino-fight-club-baboo-124-dinosaurs-for-kids-124-learn-dino-names-for-kids.webp "Club Baboo")
⏲ 1 hour 1 minute 36 seconds 👁 688
_super-catchers-chicky-cha-cha-lya-lya-amp-boom-boom-124-mega-compilation-124-d-billions-kids-songs.webp "D Billions")
⏲ 31 minutes 48 seconds 👁 3.7K
_nws-confirms-a-tornado-touched-down-northwest-of-houston.webp "An EF-1 tornado touched down near Cypress, Texas, on May 16, shortly before straight-line winds associated with the same storm system tore through Houston.")
_phata-poster-nikhla-hero-full-movie-2013-124-shahid-kapoor-ileana-d39cruz.webp "Mehwishlifestyle")
⏲ 2 hours 25 minutes 43 seconds 👁 31.6K
_chicky-boom-with-mini-db-124-mega-compilation-124-d-billions-kids-songs.webp "D Billions")
⏲ 1 hour 2 minutes 6 seconds 👁 47.9K
_almdudler-snowpark-soelden-oakley-and-forum-kickershoot-march-2012.webp "Every year in Spring the parkcrew of the Almdudler Snowpark Sölden thinks about building huge obstacles for movie crews. This april they set up the Jump at the Glacier again and build a huge corner in addition to that! Oakley send Tom Klocker, Max Buri and Tim Kevin Ravnjal, who brought Forums Mario Käppeli and Max Weickl with them. Some heavy tricks went down, and many of them can be seen in various teammovies, so better check them out!nn www.snowpark-soelden.comnnFeatured music available for")
_roy-orbison-greatest-hits-the-very-best-of-roy-orbison-roy-orbison-collection.webp "Synthesized Music")
⏲ 1 hour 35 minutes 56 seconds 👁 757.2K
_emotional-farewell-pao39s-visit-to-his-grandfather-sua39s-sadness-124-sung-a-pao.webp "Sung A Pao")
⏲ 4 hours 14 minutes 3 seconds 👁 16.3K
_easyjet-reveals-ceo-johan-lundgren-will-step-down-in-2025.webp "Budget airline easyJet has revealed boss Johan Lundgren will step down in 2025 after seven years at the helm as it reported improved half-year losses. The carrier said Mr Lundgren, who became chief executive in December 2017, will leave early next year and will be succeeded by chief financial officer Kenton Jarvis, who has been with the group since February 2021.")
_ma-sha-allah-124-hajj-ka-safar-shuru-124-very-emotional-day-for-us-124-hajj-house.webp "Saba Ibrahim")
⏲ 15 minutes 11 seconds 👁 88.7K
_swati-maliwal-assault-case-kejriwal-lok-sabha-poll-124-pm-modi39s-interview.webp "The Lallantop")
⏲ 1 hour 48 minutes 2 seconds 👁 41.3K
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