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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

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Smitha Deepak

This Incredible Eyeliner for HOODED Eyes is a must try!!

⏲ 6 minutes 1 second 👁 1.6M

Smitha Deepak

TRY THIS!! BEST TIPS TO MAKE KAJAL GEL LINER SMUDGE PROOF in SUMMER RAIN HUMIDITY

⏲ 6 minutes 40 seconds 👁 3.6M

Most awaited film's Trailer is OUT Now.\

Yathavkash [Trailer OUT Now] | Marathi Film | VDOJar OTT

⏲ 3:10 👁 34.9M

Sephora India

Actress Kajal Aggarwal’s Post-Pregnancy Skincare & Makeup Routine | In My Sephora Bag

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Himani Shah

Best and worst of Brown Eyeliner Kajal in India starting from ₹100

⏲ 8 minutes 47 seconds 👁 3K

Krishnam Raju Wife Shyamala devi Reacts on Pan India Star Prabhas. She Said He Going to Marry Very Soon. Check Full Details in This Story. <br/> <br/>పాన్ ఇండియా స్టార్ ప్రభాస్ గురించి తెలుగు సినీ ప్రేక్షకులకు ప్రత్యేకంగా చెప్పాల్సిన అవసరం లేదు. <br/> <br/>#Prabhas <br/>#RebalStarPrabhas <br/>#PrabhasPeddhammaShyamalaDevi <br/>#PrabhasInstgramPost <br/>#PrabhasMarriage <br/>#KrishnamRajWifeShyamalaDevi <br/>#Tollywood<br/><br/>~ED.232~PR.39~HT.286~

Prabhas పోస్ట్ కి ప్రభాస్ పెద్దమ్మ Shyamala Devi అదిరిపోయే సమాధానం | Oneindia Telugu

⏲ 1:32 👁 4.5M

Shivangi Sharma

INDIAN FESTIVE NO FOUNDATION SMUDGED KAJAL LOOK | SMOKEY KAJAL TUTORIAL FOR BEGINNERS

⏲ 12 minutes 20 seconds 👁 600.5K

Super Style Tips

Recreating DEEPIKA'S Natural Makeup Look Sunscreen +Dewey Makeup #ashortaday #ytshorts #Shorts

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Beckets Pavilion

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Michu

Best Kajal Kohl In India | Affordable to High End | Quick Navratri Look

⏲ 13 minutes 59 seconds 👁 21.5K

Indian Beauty Solutions

3 Surprising Tips to Make Your Kajal Long Lasting & Smudge-proof | How to apply kajal in summer

⏲ 2 minutes 49 seconds 👁 3.9M

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