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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 👁 116.3M
Niko Arapkiles
Higher Status Audiobook | Jason Capital Book Review
⏲ 15 minutes 39 seconds 👁 2.7K
The Better Men Project
How to Have a Powerful Voice | The 5 Traits of a High Status Voice | Higher Status by Jason Capital
⏲ 7 minutes 44 seconds 👁 94.9K
Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.
Lainey Wilson wins big at ACM Awards
⏲ 2:31 👁 635K
Honest Self Help Book Reviews
(Honest Review) Higher Status by Jason Capital.The 5 Voice Traits of Higher Status Person 📖
⏲ 4 minutes 48 seconds 👁 40
Time To Improve
How to be Higher Status | Jason Capital Review
⏲ 1 minute 37 seconds 👁 192
Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.
Lainey Wilson wins big at ACM Awards
⏲ 2:31 👁 195K
Chris Weatherburn
Discover the Hidden Power of Higher Status: Jason Capital Book Summary
⏲ 15 minutes 33 seconds 👁 205
Honest Self Help Book Reviews
(Honest Review) Higher Status by Jason Capital 📖 Higher Status Carefreeness
⏲ 6 minutes 38 seconds 👁 176
JasonCapital
NEVER Forget THIS If You Want To SUCCEED.. (the 1st Commandment of Success)
⏲ 5 minutes 48 seconds 👁 25.5K
Brandon Carter "Victory Vlogs"
HOW TO BE A HIGH STATUS MAN ft. Jason Capital
⏲ 14 minutes 48 seconds 👁 9K
JasonCapital
Designing Your High-Status Future with Jason Capital..
⏲ 16 minutes 22 seconds 👁 29.8K
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