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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 👁 49.4M

National Security Agency

⏲ 3 minutes 43 seconds 👁 246.6K

Kurzgesagt – In a Nutshell

Banking Explained – Money and Credit

⏲ 6 minutes 10 seconds 👁 5M

May 20th is the scheduled date of the Fifth Phase of the Lok Sabha Elections. And one of the seats in this crucial contest where voting will take place is the Raebareli Constituency. The Congress, on May 3, announced Rahul as a candidate from Raebareli and loyalist KL Sharma from Amethi, keeping Priyanka as well as Vadra out of the electoral contest. <br/> <br/>Rahul Gandhi is a sitting MP in Kerala's Wayanad, where he is seeking a fresh term alongside Rae Bareli. Rahul represented Amethi from 2004 until 2019. He will face Congress defector and three-time MLC Dinesh Pratap Singh of BJP in Rae Bareli.<br/> <br/>With Rae Bareli going for election,Oneindia Team talks to the locals and gauge the political pulse.<br/> <br/> <br/> <br/>#LokSabhaElections #Raebareli #RaebareliElection #RahulGandhi #VoxPop #Lucknow #RajnathSingh #PMModi #BJPnews #BJP #Congress #INDIAAlliance #Politics #Oneindia #OneindiaNews <br/>~HT.178~PR.282~GR.124~

LS Polls 2024: Rahul Gandhi Faces BJP Defector in Rae Bareli | Locals Share their Opinions | Voxpop

⏲ 4:51 👁 25M

The Aspen Institute

No Such Agency: The NSA Explained

⏲ 51 minutes 23 seconds 👁 9.6K

National Service Alliance - GPO

⏲ 52 seconds 👁 47

Lord Cameron has expressed concern over a new Russian offensive on Ukraine near Kharkiv. The UK has pledged ongoing financial aid of £3 billion a year to help Ukraine defend itself and is urging other countries to do the same. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

UK pledges long-term aid to Ukraine amid new offensive

⏲ 0:26 👁 59.7M

ENDEVR

America's Surveillance State: The Surveillance Industrial Complex | NSA | ENDEVR Documentary

⏲ 24 minutes 36 seconds 👁 115.2K

WatchMojo.com

Top 10 Ways the NSA Spies On You

⏲ 9 minutes 53 seconds 👁 51.6K

Britain's smartest teen who sitting 28 A-levels has scored A*s in the ones she completed just weeks after the start of the school term.<br/><br/>Mahnoor Cheema, 17, has an IQ higher than Stephen Hawking and Albert Einstein - and has her sights on studying at Oxford University.<br/><br/>After sitting 34 GCSEs she began sixth form in September, and enrolled on 28 courses.<br/><br/>She completed four entire A-levels in November and has found out she scored four A*s in environmental management, marine science, English language and thinking skills.<br/><br/>And she's sitting the final exams for eight more courses next month - including maths, further maths, chemistry, biology and film studies.

Britain's smartest teen studying 28 A-levels scores A*s in first four subjects

⏲ 3:28 👁 21.4M

温斯顿姐姐

害羞弟妹终于出镜，和家人体验地道广东早茶

⏲ 8 minutes 48 seconds 👁 19.4K

1M65

Don’t Think It won’t happen to you! Real Case Study

⏲ 15 minutes 38 seconds 👁 1.4K

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