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Matt Brighton
Matt Brighton
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_rm-sotheby39s-most-successful-london-auction-yet.webp "An all-new setting can bring a fresh feeling to a traditional event, even when the space itself is ancient. In this case, it was the introduction of Marlborough House, a three-hundred-year-old mansion in the City of Westminster, to host one of RM Sotheby’s longest-running auctions on our European schedule. With guiding principles established from its founder and patron, Sarah Churchill, confidant of Queen Anne and the Duchess of Marlborough, the Grade 1 listed mansion established there was des")
_how-to-buy-uk-property-from-auction-124-inside-a-live-auction-updat3d.webp "Property Accelerator - James Nicholson")
_how-to-buy-uk-property-from-auction-124-live-auction-results-2024.webp "Property Auction Hunters")
_i-tried-property-flipping-realistic-results.webp "Ahmed Khan")
_how-did-auction-house-london-start.webp "Auction House London")
_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")
_25th-march-auction-highlights-auction-house-london.webp "Auction House London")
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