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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")
_craziest-chains-rappers-own.webp "RapFlix")
_top-10-most-expensive-rapper-chains-2024-custom-diamond-chains.webp "World Star Hip Hop News")
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_holy-molly-refresher-chain-frost-combo-124-sumiya-invoker-stream-moments-4335.webp "Holy Molly Refresher Chain Frost Combo | Sumiya Invoker Stream Moments 4335 from chain rap")
_guess-the-rapper-by-their-chain-99-9-fail-124-hard-rap-quiz-2021.webp "Rap Zone")
_mgk-diss-the-real-rap-devil-chainz.webp "Anxiety Music")
_new-pret-a-manger-to-open-in-worthing.webp "Popular national café chain Pret a manger is to open a second location in Worthing after its first branch opened in Worthing town centre last year. This one will be at the BP service station in Brighton Road.")
_famous-rappers-most-insane-chains.webp "Rap Data")
_rap-chain-3-0-viral-video.webp "Blessbillions")
_the-worst-movies-of-2024-so-far.webp "So far in 2024, Hollywood has churned out plenty of flashy blockbusters and highly-anticipated sequels — as well as some real stinkers. From a sports comedy starring a rap icon to a bloody slasher flick with children's book characters, these are the films you should definitely skip.")
_c-chain-shot-2-official-music-video.webp "C Chain")
_chess-vs-bill-collector-full-battle-9234stand-on-business9234.webp "THE BATTLE ACADEMY")
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