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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 👁 76M

LOVE Magazine

4th December | Kendall Jenner by Phil Poynter | Love Advent 2017

⏲ 1 minute 21 seconds 👁 311.5K

LOVE Magazine

Kendall Jenner | Knowing Me, Knowing You

⏲ 2 minutes 7 seconds 👁 6.3K

She wore the delicate diamond cross on a gold chain, which used to belong to Princess Diana, to a reception for military families in Abuja. Prince Harry recently gave the necklace to his wife as a gift, according to People magazine. It's not the first time during the non-official tour that Meghan has given a nod to her late mother-in-law. Earlier in the trip, she wore a gold collar necklace which looked similar to one Diana wore in Nigeria over 30 years ago.

Meghan pays tribute to Princess Diana by wearing sentimental gift during Nigeria visit

⏲ 1:26 👁 9.4M

Forex cheating

Day 24 Kendall Jenner by James LimaLOVE Advent 2015.

⏲ 1 minute 48 seconds 👁 1.3K

Vogue

Kendall Jenner’s Horseback Riding & Wellness Journey | Vogue

⏲ 8 minutes 3 seconds 👁 253.7K

The former One Direction star has admitted he's had no good matches on the dating app, because nobody believes it's really him. “It’s not been too successful for me, I’ll be honest,” he told Nylon magazine. “Everyone accused me of catfishing. They’re like, ‘What are you using Zayn Malik’s pictures for?’ I’ve been kicked off once or twice.” Zayn, who shares three-year-old daughter Kahi with Gigi Hadid, admitted he isn't too bothered though; he's enjoying being single for the moment. \

Zayn Malik reveals why he keeps getting kicked off Tinder

⏲ 1:21 👁 410K

Saurabh Sagar

5 minutes with Kendall Jenner LOVE MAGAZINE

⏲ 5 minutes 50 seconds 👁 61

Dash Jenner Brasil

Kendall Jenner estrela no 1º dia do Love Advent 2015 para The Love Magazine

⏲ 1 minute 28 seconds 👁 901

The dress Kendall Jenner wore at the Met Gala was earlier worn by Winona Ryder. Know what's the entire story of that dress.

Kendall Jenner's Met Gala 2024 Outfit's Connection With Winona Ryder

⏲ 2:21 👁 3.1M

ultabeauty

Estee Lauder Pure Color Love Lipstick Mix Up By Elle King & Kendall Jenner | Ulta Beauty

⏲ 2 minutes 56 seconds 👁 272.7K

Kendall Jenner Instagram Story

Kendall Jenner Story 180818 Love Magazine

⏲ 1 minute 10 seconds 👁 40

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