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_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "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")
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_megalopolis-teaser-trailer-1-2024-movie-nathalie-emmanuel-shia-labeouf.jpg "An architect wants to rebuild New York City as a utopia following a devastating disaster.")
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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")
_beautiful-approach-laguardia-airport-nyc-flyover-manhattan-september-2023-new-york-city.webp "ManuL")
_how-to-go-from-jfk-airport-to-new-york-city-fastest-and-cheapest-option-124-new-york-travel-series.webp "Shachi Mall")
_megalopolis-teaser-trailer-1-2024-movie-nathalie-emmanuel-shia-labeouf.webp "An architect wants to rebuild New York City as a utopia following a devastating disaster.")
_don39t-get-scammed-when-arriving-in-nyc-airport-mistakes-to-avoid.webp "Here Be Barr")
_midway-airport-pro-auto-chicago-il-usa-124-streamtime-live.webp "StreamTime Live")
_pacers-now-favored-over-the-knicks-on-series-moneyline.webp "Pacers Now Favored Over the Knicks on Series Moneyline from new york city airporter")
_jfk-airport-driving-to-manhattan-new-york-city-usa-street-view.webp "ASMR on the way")
_full-flight-san-francisco-california-to-jfk-airport-new-york-city-124-alaska-airlines.webp "ActionKid")
_rangers-poised-to-finish-off-hurricanes-in-tough-game-5.webp "Rangers Poised to Finish off Hurricanes in Tough Game 5 from new york city airporter")
_how-to-get-from-nyc-airports-to-city-center-without-being-ripped-off.webp "Sarah Funk")
_arrival-walk-at-jfk-john-f-kennedy-international-airport-new-york-all-the-way-to-time-square-4k.webp "Bach Ling")
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