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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 Lobster Announces Nearly 100 Locations Will Be Shut Down
⏲ 1:31 👁 69.8M
Fantastic Hip Hop
Why The Music Industry is About To Change Forever…
⏲ 10 minutes 24 seconds 👁 17.1K
TYT Sports
T-Pain Reveals the Darkest Truth About the Music Industry
⏲ 9 minutes 22 seconds 👁 9.8K
One of Northern Ireland’s leading publicans has completed a major renovation of The Whitefort in west Belfast and created 50 new jobs.<br/><br/>Jim Conlon has played a key role in the evolution of Belfast’s hospitality industry and operates some of the city’s most popular venues including Henrys, The Jailhouse and Whites. And now, he has announced the completion of the first phase of a multi-million pound refurbishment programme of the first bar in his extensive portfolio which he opened a decade ago.<br/><br/>The Whitefort has been completely transformed with the £1.5m investment spanning over two floors. The refreshed interior design was developed by hospitality design specialists O’Donnell O’Neill who have helped to reinvent the spaces to present an entirely new customer experience. <br/><br/>The ground floor has been opened up and now includes an extensive island bar, cocktail bar, restaurant booth seating and staging area for live entertainment. Whilst the second floor is now a contemporary sports bar with 11 pool tables, three interactive dart boards, a media wall for live sports, a premier area for private events accommodating from 10 – 200 people and further staging area. Outside boasts a new sun terrace for al fresco dining.<br/><br/>An exciting new food menu using the best of local ingredients has been created by head chef, David Donnelly. A new pouring partnership has been agreed with Molson Coors expanding the drinks offering to include Coors light, Madri, Carling, Rebel Red, Well Hazy, Punk IPA and Rekorderlig Cider.
One of Northern Ireland’s leading pubs reopens after £1.5million investment creating 50 new jobs
⏲ 1:9 👁 8.6M
Jake Tran
The music industry is literally a scam
⏲ 18 minutes 3 seconds 👁 646.3K
CBC News
BIG Music | Is the music industry being reshaped for the better or worse by tech companies?
⏲ 49 minutes 49 seconds 👁 3.8K
A new law is being planned to improve regulation of the property industry, says Nga Kor Ming.<br/><br/>The Housing and Local Government Minister said the existing Housing Development (Control and Licensing) Act 1966 was not comprehensive enough for an increasingly diversified property sector.<br/><br/>Read more at https://tinyurl.com/yc2xr2r3<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
Government to introduce Real Property Development Bill next year
⏲ 3:20 👁 4.2M
INDUSTREETS GAMBIA ENT.
The Open Live Show Let's Talk About Our Music Industry & Issue Solutions
⏲ 19 minutes 35 seconds 👁 881
Paula M Channel
Meghan’s Angry OUTBURST Witnessed During Flight Home 😳
⏲ 12 minutes 25 seconds 👁 21.7K
Known as the \
Our never-before-seen interview with Roger Corman, a Hollywood legend who revolutionized the movie business
⏲ 38:4 👁 5.3M
LUMINOUS by TCA u0026 AGP
SMNI DZAR Interview with Atty. Trixie Cruz -Angeles of Luminous
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City of Flint Meetings
051424-City of Flint Ethics & Accountability
⏲ 1 hour 49 minutes 50 seconds 👁 375
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