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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")
_new-dj-thailand-remix-tiktok-mixtape-2023-tiktok-mashup-remix-dj-thailand-style-dj-bharz.webp "Kea Remix {Officai Musci}")
⏲ 28 minutes 59 seconds 👁 962.3K
_new-tiktok-mash-up-2023-remix-thailand-style.webp "MusicVibeTV")
_one-fateful-night-with-my-boss-complete-short-drama.webp "One Fateful Night with my Boss (Complete) - Short Drama from tiktok thailand")
_dj-remix-thai-mini-nonstop-viral-tiktok-2023-124124.webp "Jhoni Ibanez Remix")
_anak-remix-2021-124-bn-nhc-ang-hot-trn-tik-tok-thailand.webp "Quang Music")
_i-wish-it-were-you-2024.webp "Isabel found herself reluctantly married to a stranger named Jared. As Isabel navigated her new life at work, she unexpectedly fell deeply for her boss-the billionaire Lorenzo Bellini.")
_why-do-these-youtube-and-tiktok-videos-about-thailand-annoy-me-so-much.webp "Thailand Bound")
⏲ 11 minutes 49 seconds 👁 4.3K
_phao-2-phut-hon-kaiz-remix-124-tiktok-vietnamese-music-2020.webp "Light Night Music")
_kurulus-osman-episode-160-english-subtitles-snack-short-channel.webp "Kurulus Osman - Episode 160 (English Subtitles)")
_mong-nan-nan-tiktok-viral-by-flip-124-zumba-124-tml-crew-evo-manila.webp "Mark Kramer Pastrana")
_dj-dua-tahun-ngana-sa-tinggal-pambasilet-remix-thailand-style-viral-tiktok.webp "Uwitz Haheho")
⏲ 4 minutes 11 seconds 👁 998.1K
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