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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 👁 46.6M

EliteTravelerTV

Fine Dining at Michelin-Starred Hedone Restaurant, London

⏲ 3 minutes 12 seconds 👁 3.3K

Hedone - Michelin star Restaurant - London

⏲ 3 minutes 12 seconds 👁 90

We visited Curo Restaurant in La Union to taste some of the food they offer. Located in Curbside Villa, Urbiztondo, this restaurant brings luxury to the local food scene.<br/><br/>Some of what we were able to try are the BBQ chicken salad, a perfect blend of smoky flavors and fresh ingredients. Spam chips, which offer a delightful crunch with every bite, and their special croquettes, lovingly named, Curbside Curo-quettes.<br/><br/>But we can never forget the USDA Angus Ribeye, which was easily the star of the show.<br/><br/>Join us and discover why our restaurant is a must-visit destination in Urbiztondo, La Union.

Luxury Dining Near The Beach: Curo Restaurant Taste Test | Flavor Profiles

⏲ 3:55 👁 223.6M

Fine Dining TV

Mikael Jonsson, Patron and Head Chef of Hedone Restaurant

⏲ 4 minutes 41 seconds 👁 1.9K

Achef abroad

Hedone Restaurant

⏲ 7 minutes 1 second 👁 672

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[ Super Hot Drama ] Baby, Just Say Yes

⏲ 1:38:52 👁 50.2M

EliteTravelerTV

Andy Hayler reviews Hedone

⏲ 3 minutes 25 seconds 👁 945

Peer Eriksson

Chef Mikael Jönsson at Hedone in London

⏲ 6 minutes 19 seconds 👁 1.1K

Tottenham bss Ange Postecoglou reacts to questions on Spurs supporters wanting them to lose against Manchester City so that Arsenal cannot win the Premier League Title.<br/><br/>Tottenham Hotspurs Training Ground, London, UK

I will never understand if somebody wants their own team to lose - Postecoglou

⏲ 18:50 👁 41.6M

Royal Scoop

Staff At Fraser Suites LEAKED Harry And Meghan's Fight On Mother's Day In Nigeria

⏲ 3 minutes 9 seconds 👁 8.4K

Old Food Guy

Let's Try Some New Stuff From Iceland.

⏲ 25 minutes 18 seconds 👁 1.2K

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