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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")
_euf-girls-pants-rip-while-climbing-hd.webp "CUTE ANIME CLIPS")
_maxed-out.webp "HeelsBee")
_anwar-in-kazakhstan-second-stop-of-his-central-asia-visit.webp "Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with Kazakhstan's President Kassym-Jomart Tokayev to discuss further strengthening cooperation between Malaysia and Kazakhstan after his arrival in Astana on Thursday (May 16).<br/><br/>Read more at https://shorturl.at/cmBFJ<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_arab-man-on-treadmill-very-funny.webp "perfectguy146")
_teen-who-pushed-friend-off-bridge-apologizes.webp "Inside Edition")
_solgen-investigates-bamban-mayor-alice-guo-124-the-wrap.webp "Here are today's headlines – the latest news in the Philippines and around the world:<br/>- Solicitor General launches probe into Bamban Mayor Alice Guo<br/>- 46 Chinese ships in vicinity, as civilian convoy tries to reach Panatag Shoal<br/>- Marcos says he won’t abolish NTF-ELCAC, denies its history of red-tagging<br/>- Marcos laments Philippine universities' exclusion from Asia top 100 ranking<br/>- Here’s what to expect in ‘B★VERSE BTS, Singing the Stars’ exhibition in Quezon City<br/><br/>https://www.rappler.com/video/daily-wrap/may-16-2024/")
_security-forces-taser-training.webp "Amber Kerry")
_man-in-china-falls-off-treadmill-after-girl-pushes-exercise-ball-towards-it-shorts.webp "South China Morning Post")
⏲ 46 seconds 👁 8.5K
_today39s-headlines-bamban-mayor-alice-guo-marcos-amp-ntf-elcac-bts-exhibit-124-the-wrap-124-may-16-2024.webp "Here are today's headlines – the latest news in the Philippines and around the world:<br/>- Solicitor General launches probe into Bamban Mayor Alice Guo<br/>- 46 Chinese ships in vicinity, as civilian convoy tries to reach Panatag Shoal<br/>- Marcos says he won’t abolish NTF-ELCAC, denies its history of red-tagging<br/>- Marcos laments Philippine universities' exclusion from Asia top 100 ranking<br/>- Here’s what to expect in ‘B★VERSE BTS, Singing the Stars’ exhibition in Quezon City<br/><br/>https://www.rappler.com/video/daily-wrap/may-16-2024/")
Today's headlines: Bamban Mayor Alice Guo, Marcos & NTF-ELCAC, BTS exhibit | The wRap | May 16, 2024
⏲ 0:46 👁 7.7M
_p-diddy-allegedly-attacks-drags-ex-girlfriend-in-shocking-new-video.webp "Lawu0026Crime Network")
_shocking-diddy-is-a-monster-hotel-footage-proves-cassie-was-telling-the-truth.webp "Popcorned Planet")
⏲ 9 minutes 53 seconds 👁 29.6K
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