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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")
_dmitry-averyanov-playboy-magazine-cover-model.webp "Admire Adam")
_matty-playgirl-influencer-of-the-month-january-2023.webp "PLAYGIRLplus")
_one-fateful-night-with-my-boss-complete-short-drama.webp "One Fateful Night with my Boss (Complete) - Short Drama from boy naked magazine")
_playboy-124-kitrysha-by-ana-dias.webp "Ana Dias")
_behind-the-scenes-elias-the-naked-project-nude-artistic-male-photoshoot.webp "The Naked Project")
⏲ 1 minute 7 seconds 👁 55K
_boy-with-rare-dementia-dies-age-10.webp "A boy who had a rare form of dementia has died aged just 10")
_behind-the-scenes-ele-the-naked-project-nude-artistic-male-photoshoot.webp "The Naked Project")
⏲ 1 minute 51 seconds 👁 157.7K
_playmate-of-the-year-magazine-covers-of-playboy-from-19711980.webp "The Bachelor Hut")
_6-year-old-german-boy-missing-new-claims-he-could-have-involved-in-hunting-accident.webp "6-year-old German boy missing - new claims he could have involved in hunting accident from boy naked magazine")
_behind-the-scenes-kevin-the-naked-project-nude-artistic-male-photoshoot.webp "The Naked Project")
⏲ 1 minute 21 seconds 👁 128.5K
_naked-man-gotstyle-video-shopping.webp "GOTSTYLE")
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