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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 👁 76M

WWE

Full SummerSlam 2022 results: WWE Now

⏲ 5 minutes 9 seconds 👁 172.9K

Bevelock

Full WWE SummerSlam 2023 Results

⏲ 1 minute 55 seconds 👁 22.9K

An unusually strong solar storm hitting Earth produced stunning displays of color in the skies across the Northern Hemisphere early Saturday.

Solar Storm Hits Earth, Resulting in Colorful Light Shows Across Northern Hemisphere

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JDfromNY206

WWE Summerslam 2015 8 23 15 Review & Results

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Full SummerSlam Results and Highlights: WWE Now, August 6, 2023

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Federation Cup 2024: Neeraj Chopra ने Kalinga Stadium में Javelin Throw finals Event में Gold Medal जीत लिया है। <br/> <br/>#neerajchopra #javelinthrowfinal #federationcup2024 #neerajchoprawinsgold #olympics2024 #shorts #ytshorts #parisolympics2024 #javelinthrow #goldmedal #neerajwinsgold #athletics #sai <br/> <br/><br/> <br/>Neeraj Chopra, Federation Cup, Federation Cup 2024, Neeraj Chopra wins Gold medal, Neeraj Chopra in Federation Cup 2024, Neeraj Chopra, Javelin Throw, Javelin Throw finals, Neeraj Chopra in Paris Olympics 2024, Paris Olympics 2024, Javelin Throw final results, Sai, AIF, Federation Cup 2024 Javelin throw results, नीरज चोपड़ा, नीरज चोपड़ा ने जीता गोल्ड मेडल, Oneindia Hindi, Oneindia Hindi News, वनइंडिया हिंदी, वनइंडिया हिंदी न्यूज़<br/>~HT.178~ED.300~ED.107~GR.124~

Federation Cup 2024: Neeraj Chopra ने जीता Gold Medal, Kalinga Stadium में किया कमाल | #shorts

⏲ 0:55 👁 14.6M

Bevelock

Full WWE SummerSlam 2022 Results

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WWE Upcoming High Profile Match Card Predictions

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‘New York Times’ Poll , Indicates Trouble for Biden.<br/>Donald Trump was found to be \

‘New York Times’ Poll Indicates Trouble for Biden

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WWE

Full SummerSlam 2021 results: WWE Now

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WWE SummerSlam 2025 - Dream Match Card

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