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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 👁 116.3M

Regal Rexnord

Introduction to the Rexnord® Curve System with 1540 Series MatTop® Chain

⏲ 2 minutes 18 seconds 👁 312

Rexnord MCS

Rexnord 1533 Series MatTop Chain for Easy Maintenance

⏲ 19 seconds 👁 1.3K

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 👁 20.2M

Motion

Tom's Toolbox - Rexnord - How to Assemble and Disassemble MatTop and TableTop Chain

⏲ 4 minutes 54 seconds 👁 925

USAROLLERCHAIN

How to Measure and Identify Leaf Chain

⏲ 5 minutes 44 seconds 👁 2.8K

South Australian businesses could enter the supply chain for America's nuclear powered submarines as part of a new deal signed by the state government. The partnership was announced by Premier Peter Malinuaskas in Virginia during a tour of America's largest shipbuilder. It's part of a push to prepare SA's workforce to build the AUKUS submarine fleet at Osborne.

South Australia makes play to enter US nuclear submarine supply chain ahead of AUKUS build

⏲ 1:46 👁 2.2M

RKExcel

New Features of the UCT2100(50) Chain Tool

⏲ 59 seconds 👁 210

Rexnord MCS

How To Assemble Disassemble Rexnord TableTop Chains

⏲ 5 minutes 25 seconds 👁 4K

Satoru Mikami is stuck in a dead-end job, unhappy with his mundane life, but after dying at the hands of a robber, he awaken to a fresh start in a fantasy realm... as a slime! As Rimuru acclimates to their new, goopy, existence, their exploits with the other monsters set off a chain of events that will change the world forever!

That Time I Got Reincarnated as a Slime Season 3 Episode 7 (English sub)

⏲ 24:30 👁 2.3M

Rocky Mountain ATV MC

Tusk Standard Motorcycle ATV Chain Riveting Tool

⏲ 8 minutes 2 seconds 👁 13K

Rexnord MCS

How To Assemble Disassemble Rexnord MatTop Chains

⏲ 3 minutes 40 seconds 👁 2.5K

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