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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 👁 92M

Beachin with the Boones

Store Walk & Tour -TOTAL WINE- Liquor, Wine, and Beer Haul -Myrtle Beach, SC September 2022

⏲ 10 minutes 13 seconds 👁 1.6K

Total Wine u0026 More

Come Explore Your Local Total Wine & More

⏲ 31 seconds 👁 1.1M

A total of 174 visits to construction sites in the city have been implemented by the Kuala Lumpur branch of the Construction Industry Development Board (CIDB) for the period January to May this year, with 91 investigation papers opened for various offences.<br/><br/>Works Minister Datuk Seri Alexander Nanta Linggi said the most significant offences identified that were committed by contractors included the misuse of construction materials such as iron scaffolding, in addition to workers not having CIDB-recognised skill certificates.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

KL CIDB opens 91 investigation papers for various offences

⏲ 2:33 👁 1.6M

Florida Flip Flops

All-New \"Total Wine & More\" Store, Naples, Florida. Shopping In Naples Florida [4K]

⏲ 9 minutes 31 seconds 👁 747

Total Wine u0026 More

Save on Gifts at Total Wine & More

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A Customs officer claimed trial at the Sessions Court in Seremban on Wednesday (May 15) to 43 charges of allegedly accepting bribes totalling some RM70,000 over a five-year period.<br/><br/>Mohammad Zyed Ibrahim, 41 pleaded not guilty after the charges were read to him before Judge Meor Sulaiman Ahmad Tarmizi.<br/><br/>Read more at https://tinyurl.com/4wv749cr<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Customs officer charged with 43 counts of graft

⏲ 1:19 👁 7M

The Whiskey Cove

You Only Need 5 Bourbons, According to Reddit: Total Wine Store Haul

⏲ 11 minutes 4 seconds 👁 12.1K

Total Wine u0026 More

Find What You Love - Tequila

⏲ 31 seconds 👁 378.3K

Plans to rectify the poor state of the exterior of a prominent Tenby seafront hotel - labelled an ‘eyesore’ in recent years - have been welcomed, after safety concerns were raised that the premises could ‘pose a threat’ to public safety.<br/>Fresh concerns were raised about the structure of the Royal Lion Hotel located on High Street/White Lion Street, that overlooks the seaside town’s North Beach, at the start of 2024, with local councillors calling for ‘unsafe parts’ and ‘rotting’ timber bay windows to be inspected as a matter of urgency by the local authorities.<br/>Now a planning application (Ref: NP/24/0208/LBA) for listed building consent for replacement bays and windows, along with the insertion of a new door replacing an existing window and minor ancillary works for the premises has been put forward to the Pembrokeshire Coast National Park Authority, by its owner.<br/>Tenby Civic Society has welcomed the proposals in their recommendation to PCNPA, stating: “We note that currently there is no information as to the material proposed for the windows, but in any case we would welcome replacement with wooden sash windows to match the originals.<br/>“The tall stairs side window could present some maintenance difficulties – others could be maintained from inside.<br/>“There was a little concern that the new door would open onto a narrow footway to White Lion Street - but Highways consultation could determine that.<br/>“If cost is a major issue, perhaps the most urgent replacements should be phased first, as there clearly are some safety concerns. <br/>“Maintenance costs have clearly stood out as an issue with this valuable building, important for its attractive period design and valuable role providing holiday accommodation. <br/>However, when discussing the application at their meeting this month, members of Tenby Town Council have asked PCNPA for more details on the materials to be used for the replacement windows. <br/>Councillors also stated that they were ‘concerned’ about the proposal to install a door opening onto White Lion Street, stating: “The carriageway is narrow in this location and vehicles often mount the pavement to pass each other which could compromise safety of individuals using this door.”<br/>

Improvements for Tenby seafront hotel welcomed after 'safety' concerns expressed

⏲ 0:39 👁 865K

RJtheFED

Total Wine & More Bourbon Hunt! #bourbonhunting #bourbon #rare

⏲ 4 minutes 10 seconds 👁 641

Lui Fernandes

Come Shopping for Mezcal at Total Wine With Me!

⏲ 5 minutes 28 seconds 👁 2.9K

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