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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 👁 114.6M

ITR Passion For Parts

ITR Undercarriage Production: track chains, shoes and segments

⏲ 1 minute 59 seconds 👁 8.2K

Fulian Machinery-Undercarriage Parts

CAT Caterpillar Track Link and Track Shoe Assy for Bulldozer and Excavator

⏲ 1 minute 17 seconds 👁 25.1K

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.

New Pret a Manger to open in Worthing

⏲ 0:6 👁 18.2M

H-E Parts International

H-E Parts Distribution - Track Chain Assembly Video

⏲ 42 seconds 👁 2.1K

SUMITOMO CONSTRUCTION MACHINERY[Official]

Undercarriage Parts ( Link chain )

⏲ 1 minute 17 seconds 👁 19.3K

Latest Punjabi Movie Part 1-2 from itm track chain

Latest Punjabi Movie Part 1-2

⏲ 1:30:21 👁 3.9M

ITM Group

⏲ 1 minute 50 seconds 👁 2.6K

GETT_YUCHANG CMI

Track link production process in Korea : Best quality undercarriage parts in the world

⏲ 3 minutes 48 seconds 👁 10.3K

Tim the Yowie Man explores a new, revamped Shepherd’s Lookout walking track near Strathnairn where the Peregrine falcons soar and the Murrumbidgee meanders majestically through the valley down below.

The breathtaking new Ginninderry walking track

⏲ 3:14 👁 9.5M

Quanzhou Nanfeng Machinery

Excavator track chain shoe assembly

⏲ 17 seconds 👁 461

Transportation Heavy Equipment Tech

Track Pin and Bushing Wear Demonstrated

⏲ 3 minutes 58 seconds 👁 26.5K

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