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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")
_124-sei-to-abar-kache-ele-124-prosenjit-124-varsha-124-arjun-124-soumitra-124-subhasish.webp "Bengali Movies - Channel B Entertainment")
⏲ 2 hours 23 minutes 10 seconds 👁 4.4M
_life-with-father-1947-irene-dunne.webp "PizzaFlix")
_feid-amp-yandel-concert-shut-down-country-power-players-recap-cardi-b-wont-be-releasing-an-album-amp-more-124-billboard.webp "It’s Wednesday, May 15, and Feid & Yandel got shut down in Miami for throwing an impromptu concert on their yacht. Cardi B says she will not be releasing a new album this year, Megan Thee Stallion is kicking off her tour and Saweetie posted her freestyling in the car. Sam Hunt shares how he created “Locked Up EP” and how his music is changing with his life. If you missed it last night, we got you covered, we give you a recap of Billboard’s Country Power Players. McKenna Grace shares what inspired her to write her song \")
⏲ 8:50 👁 12.6M
_8-the-sumerians-fall-of-the-first-cities.webp "Fall of Civilizations")
_13-the-assyrians-empire-of-iron.webp "Fall of Civilizations")
_how-norway39s-svalbard-plans-to-phase-out-coal.webp "Svalbard will soon shut its last coal mine, as the Norwegian archipelago aims to end coal production and instead focus on renewable energy. But local miners are set to lose their jobs, meaning the transition won't be easy.")
_jhinuk-jhinuk-mukto-aache-124-bengali-full-song-124-prosenjit-124-swastika-124-bondhoo-124-eskay-movies.webp "Eskay Movies")
⏲ 4 minutes 47 seconds 👁 5.7M
_39personal-decision39-ice-cube-sounds-off-on-growing-support-for-trump.webp "Fox Business")
_the-infamous-scene-in-rats-in-the-ranks-featuring-anthony-albanese.webp "Anthony Albanese was a long way from PM when as a party official he was sent to sort out an internal Labor Party dispute in the 1994 mayoral election at Leichhardt Council. Film-makers Bob Connolly and Robin Anderson captured the moment Albanese shut down their otherwise access-all-areas cameras")
_scared-trump-sends-desperate-message-as-verdict-nears.webp "MeidasTouch")
_z-army-surrenders-in-kherson-putin-abandons-kharkiv-offensive-top-secret-mountain-z-base-destroyed.webp "The Russian Dude")
Z-ARMY SURRENDERS in Kherson. Putin ABANDONS KHARKIV OFFENSIVE. Top SECRET Mountain Z-BASE DESTROYED
⏲ 11 minutes 55 seconds 👁 10.6K
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