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_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "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")
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_home-canning-101-getting-started-with-preserving-food-in-jars.jpg "The Farmer’s Table")
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_how-to-can-food-124-home-canning-for-beginners-124-where-to-start-124-tonireneeathome.jpg "ToniRenee At Home - Double F Farms")
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_a-sneak-peak-at-the-journey-of-eugene-torre-asia39s-first-grandmaster-124-spot-ph.jpg "Eugenio Oliveros Torre, or Eugene Torre is known for being asia's first grand master, having achieved the status in Nice, France in 1974. Showcasing his achievements is the Eugene Torre Chess Museum inside Pan de Amerikana in Marikina, where guests can appreciate his story, achievements, and interact with a giant chess set.")
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_preserving-whole-strawberries-water-bath-canning.jpg "Homestead Corner")
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_3-quick-amp-easy-pantry-preps-124-pork-loin-pressure-canning.jpg "That 1870's Homestead")
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_nicole-malliotakis-asked-point-blank-if-trump-asked-her-to-criticize-da-alvin-bragg-amp-michael-cohen.jpg "On \")
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_tmc-news-canning.jpg "TV9 Bangla")
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_canning-pork-carnitas-124-canuary-124-fermented-homestead.jpg "Fermented Homestead")
⏲ 10 minutes 35 seconds 👁 4.1K
_39you-ready39-trump-rattles-off-quotes-from-legal-scholars-and-pundits-in-his-defense.jpg "In remarks outside his NYC hush money trial, former President Trump read quotes of people defending him.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 4:27 👁 16.3M
_turning-waste-into-worth-a-practical-approach-with-canning-124-fermented-homestead.jpg "Fermented Homestead")
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_canning-cranberry-sauce-124-sisters-124-fermented-homestead.jpg "Fermented Homestead")
⏲ 6 minutes 44 seconds 👁 741
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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")
_home-canning-101-getting-started-with-preserving-food-in-jars.webp "The Farmer’s Table")
_how-to-can-food-124-home-canning-for-beginners-124-where-to-start-124-tonireneeathome.webp "ToniRenee At Home - Double F Farms")
_a-sneak-peak-at-the-journey-of-eugene-torre-asia39s-first-grandmaster-124-spot-ph.webp "Eugenio Oliveros Torre, or Eugene Torre is known for being asia's first grand master, having achieved the status in Nice, France in 1974. Showcasing his achievements is the Eugene Torre Chess Museum inside Pan de Amerikana in Marikina, where guests can appreciate his story, achievements, and interact with a giant chess set.")
_preserving-whole-strawberries-water-bath-canning.webp "Homestead Corner")
_3-quick-amp-easy-pantry-preps-124-pork-loin-pressure-canning.webp "That 1870's Homestead")
_nicole-malliotakis-asked-point-blank-if-trump-asked-her-to-criticize-da-alvin-bragg-amp-michael-cohen.webp "On \")
_tmc-news-canning.webp "TV9 Bangla")
_canning-pork-carnitas-124-canuary-124-fermented-homestead.webp "Fermented Homestead")
_39you-ready39-trump-rattles-off-quotes-from-legal-scholars-and-pundits-in-his-defense.webp "In remarks outside his NYC hush money trial, former President Trump read quotes of people defending him.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_turning-waste-into-worth-a-practical-approach-with-canning-124-fermented-homestead.webp "Fermented Homestead")
_canning-cranberry-sauce-124-sisters-124-fermented-homestead.webp "Fermented Homestead")
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