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Thousands of people have voiced their dismay following news that Edinburgh’s Summerhall buildings have gone up for sale.<br/><br/>The news comes 13 years after the building was transformed from a vet school into a vibrant arts building and leading festival venue. <br/><br/>Owners announced the news on Tuesday afternoon but insisted that all programmed events, including this year’s fringe festival, will go ahead. Property consultants looking after the sale advertised that the beloved venue has the potential to become a boutique hotel or student housing - sparking outrage from members of the public. <br/><br/>Music: ‘Brahe’ by Punch Deck <br/>
⏲ 3:34 👁 80.9M
Inside Edition
⏲ 1 minute 48 seconds 👁 133.2K
CNBC
⏲ 13 minutes 57 seconds 👁 1.8M
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
⏲ 1:31 👁 105.6M
Nina’s Jewels
⏲ 19 minutes 39 seconds 👁 319K
Millennial Profit
⏲ 13 minutes 59 seconds 👁 11.5K
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%.
⏲ 0:55 👁 15.1M
Operation Liquidation
⏲ 33 minutes 15 seconds 👁 70.6K
Millennial Profit
⏲ 10 minutes 21 seconds 👁 40.1K
Reddit and OpenAI announce a partnership that will give OpenAI's ChatGPT access to Reddit data. The new partnership will also enable Reddit users to use new AI-powered features.
⏲ 0:55 👁 12M
Reyes The Entrepreneur
⏲ 9 minutes 52 seconds 👁 19.1K
Mike u0026 Terri's Ventures
⏲ 40 minutes 59 seconds 👁 53.2K
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