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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 👁 75.9M
WCCO - CBS Minnesota
Finding Minnesota: Chisholm's Minnesota Museum of Mining
⏲ 3 minutes 12 seconds 👁 446
CNBC
Flotek Industries CEO John Chisholm | Mad Money | CNBC
⏲ 5 minutes 48 seconds 👁 1.5K
NBA MVP Nikola Jokic Dominates with 40 Points in Game 5 from mn industries chisholm
NBA MVP Nikola Jokic Dominates with 40 Points in Game 5
⏲ 7:25 👁 11.4M
University of Minnesota Extension
The \"Big 3\" Greater Minnesota industries by output
⏲ 5 minutes 6 seconds 👁 76
University of Minnesota Extension
Intro: Greater Minnesota’s Economic Composition: Industries and Performance
⏲ 1 minute 45 seconds 👁 90
Contractor Warns of , Potential Catastrophe if NASA , Goes Ahead With Scheduled Launch.<br/>IEN reports that a NASA contractor has publicly <br/>urged the space agency to reconsider an <br/>upcoming launch, warning it could end in disaster.<br/>The news comes after the initial launch <br/>of Boeing's Starliner was scrapped as <br/>the result of a leaky valve just last week. .<br/>The news comes after the initial launch <br/>of Boeing's Starliner was scrapped as <br/>the result of a leaky valve just last week. .<br/>NASA has plans to attempt <br/>another launch later this week. .<br/>ValveTech produces valves <br/>and other components for both <br/>aerospace and military applications.<br/>ValveTech produces valves <br/>and other components for both <br/>aerospace and military applications.<br/>The company issued a press release <br/>warning that a second launch <br/>attempt could end in catastrophe. .<br/>The statement from ValveTech <br/>President Erin Faville called for NASA <br/>to re-double safety checks and protocols. .<br/>The failed launch last week would have been <br/>the first human space flight for Boeing but was <br/>scrubbed after a faulty valve was discovered. .<br/>The Associated Press reported that the fluttering oxygen <br/>pressure-relief valve on United Launch Alliance’s Atlas <br/>rocket may have exceeded its 200,000 lifetime cycles. .<br/>The ValveTech statement questions how <br/>NASA, Aerojet and Boeing could have... .<br/>... \
Contractor Warns of Potential Catastrophe if NASA Goes Ahead With Scheduled Launch
⏲ 1:31 👁 9.7M
WCCO - CBS Minnesota
Police Fatally Shoot Felony Suspect In Chisholm; BCA Investigating
⏲ 52 seconds 👁 971
PBS North
Glensheen & the Congdon Legacy - Full Documentary
⏲ 58 minutes 3 seconds 👁 100.4K
King Charles and Queen Camilla host the Sovereign’s Garden Party at Buckingham Palace in celebration of the UK’s creative industries. The Garden Party brought together approximately 4,000 representatives across culture, art, heritage, film, TV, radio and fashion. Amongst the attendees was Love Island’s Maya Jama who spoke to His Majesty about the reality show. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
King and Queen host Sovereign’s Garden Party
⏲ 3:16 👁 5.9M
PBS North
Historic Trails of Northern Minnesota - Full Documentary
⏲ 57 minutes 20 seconds 👁 55K
PBS North
Split Rock Lighthouse, The Superior Light - Full Documentary
⏲ 55 minutes 16 seconds 👁 189.4K
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