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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")
_deepika-padukone-opens-up-about-ranbir-kapoor39s-cheating-scandal.webp "The Amazing World")
_deepika-padukone-breaks-her-silence-on-mychoice-video-124-face-time.webp "Film Companion")
_milton-keynes-citizen-morning-update-16-may-2024.webp "Police admit failings in tragic case of Leah Croucher from Milton Keynes<br/><br/>Milton Keynes prison officer who was a hero in the London Bridge terrorist attack encourages others to join the service<br/><br/>Depressing park on Milton Keynes estate is given while new lease of life in community project<br/><br/>Almost 75% of adults in Milton Keynes do not eat their five a day fruit and veg, research proves<br/><br/>\")
_39needed-someone-to-tell-me-what-i-was-going-through39-deepika-padukone-on-her-battle-with-depression.webp "NDTV")
'Needed someone to tell me what I was going through': Deepika Padukone on her battle with depression
⏲ 1 minute 38 seconds 👁 404.3K
_dr-sara-pugh-returns-debunking-collagen-powder-myths-toxic-light-bulbs-amp-mindset-makeover.webp "Quantum Conversations Podcast")
⏲ 1 hour 3 minutes 39 seconds 👁 397
_39negative-experiences-are-part-of-getting-better39-tuchel.webp "Tuchel says he will learn from the experiences he has had at Bayern after a disappointing end to his tenure")
_exclusive-124-sanjay-leela-bhansali-on-love-rebellion-amp-heeramandi-beyond-the-glitz-124-director39s-cut.webp "ETimes")
EXCLUSIVE | SANJAY LEELA BHANSALI on Love, Rebellion & HEERAMANDI: Beyond The Glitz | Director's Cut
⏲ 16 minutes 10 seconds 👁 4.6K
_20-questions-with-ranbir-and-deepika-on-city1016.webp "City 1016")
_39negative-experiences-are-part-of-getting-better39-tuchel.webp "Tuchel says he will learn from the experiences he has had at Bayern after a disappointing end to his tenure")
_bollywood-actresses-cannot-be-friends-124-is-that-true-124-missmalini.webp "MissMalini")
_deepika-padukones-story-124-interview-124-ndtv.webp "The Live Love Laugh Foundation")
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