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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")
_red-saree-girl-dancing-every-one-enjoying.webp "Vivek Gupta Varanasi")
_red-saree-girl-dancing-on-o-antava-124-weeding-dance-o-antava-124-3-girl-dancing-on-o-antava-in-weeding.webp "Double Slit ..ツ")
⏲ 2 minutes 8 seconds 👁 58.3K
_cannes-2024-know-date-time-venue-indian-celebrity-lineups-all-the-details-about-film-festival.webp "The 77th edition of the Cannes Film Festival will take place from May 14 to May 25 at the French Riviera. This year, the prestigious film festival is jam-packed with premieres, star-studded press conferences, and lavish parties. \")
⏲ 1:38 👁 13.5M
_hot-desi-aunty-dancing-in-red-saree.webp "Hot Editz")
_indian-desi-girl-in-red-saree-hot-dance-in-front-of-uncle.webp "Cute Gallery")
_joey-graziadei-amp-kelsey-anderson-share-their-thoughts-on-jen-being-the-next-bachelorette-124-thr-video.webp "Joey Graziadei & Kelsey Anderson chat with THR at the 'IF' premiere and say it feels like a \")
Joey Graziadei & Kelsey Anderson Share Their Thoughts on Jen Being The Next Bachelorette | THR Video
⏲ 1:57 👁 10.9M
_137-why-a-red-saree-will-always-be-a-desi-divas-favorite.webp "Pure Elegance")
_red-saree-drape-video-2021-124124-naari-magazine-124124-hot-desi-aunty-navel-belly-124124-saree-without-bra.webp "Entertainment 4 U")
⏲ 4 minutes 22 seconds 👁 13K
_bafta-russell-t-davies-would-like-to-remake-christopher-eccleston-drama-39second-coming39.webp "The Doctor Who showrunner says he's already got ideas for his next project, outside of the Tardis. Report by Nelsonj. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
⏲ 3:5 👁 18M
_natural-beauty-124-red-saree-girl-124-hot-moves-124-desi-girl-trending.webp "Natural Girls")
_gulabisadi-124-official-video-124-sanju-rathod-124-g-spark-124-prajakta-124-marathi-song.webp "Sanju Rathod SR")
⏲ 3 minutes 46 seconds 👁 57.7M
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