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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")
_how-fast-do-you-breathe-track-your-sac-rate-to-maximize-your-scuba-diving-pleasure.webp "Divers Ready")
⏲ 9 minutes 52 seconds 👁 16.7K
_how-much-psi-do-you-breathe-per-minute-sac-rate-explained.webp "LakeHickoryScuba")
_what-are-the-best-mortgages-and-savings-offers-available-now-an-expert-explains.webp "Robyn Demming from Raisin UK discusses the best deals for savers and borrowers.")
_how-to-calculate-your-gas-consumption-sac-rmv-124-master-series.webp "FlowState Divers")
_sac-and-rmv-made-simple-124-deep-dive.webp "Simply Scuba")
_australian-treasurer-jim-chalmers-previews-responsible-2024-budget.webp "The federal treasurer has said the 2024 budget will have ‘substantial’ but ‘responsible’ cost-of-living relief while tackling inflation.")
_improve-your-sac-rate-fast-2-minutes-to-better-breath-control-during-diving.webp "Teach Me To Dive")
⏲ 2 minutes 23 seconds 👁 259
_how-to-perfect-your-buoyancy-124-master-series.webp "FlowState Divers")
_us-inflation-falls-as-expected-in-april-bolsters-fed-rate-cut-bets.webp "U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve’s 2% inflation target. Last month, the Consumer Price Index (CPI) showed a year-over-year increase of 3.4%.")
_j39ai-fait-semblant-d39tre-un-noob-puis-j39ai-utilis-le-camping-car-rv-dans-un-voyage-poussireux.webp "Furious Jumper")
⏲ 30 minutes 11 seconds 👁 94.9K
_saturation-diving-189m-deep-under-the-south-china-sea-deep-sea-diver39s-please-subscribe.webp "Share Your Wisdom")
⏲ 8 minutes 29 seconds 👁 108.9K
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