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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

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Team India कोHead Coach की तलाश है, कई खिलाड़ी इंडियन टीम के हेड कोच की रेस में सबसे आगे है, देखिए कौन कौन से दिग्गज Indian Team के हेड कोच की रेस में शामिल है.. <br/> <br/> <br/>Indian Team Head Coach, Who will become new head coach of Indian team, Rahul Dravid, VVS Laxman as the new head coach, Head Coach, New head coach, T20 World Cup 2024, Rahul Dravid with T20 world cup team, Rohit Sharma, Ricky Ponting, Stephen Fleming, Justin Langer, Indian Team new head coach, Indian team coach, Oneindia Hindi, Oneindia Hindi News, वनइंडिया हिंदी, वनइंडिया हिंदी न्यूज़ <br/> <br/>#indiancricketteam #indianteamheadcoach #rahuldarvid #vvslaxman #headcoach #rohitsharma #t20worldcup #rahuldravidint20worldcup #newheadcoach #stephenfleming #rickyponting #justinlanger #indianteam #ipl #ipl2024 #indianteamcoach<br/>~HT.178~PR.300~ED.107~GR.124~CA.146~

Indian Team Coach: Dravid के बाद ये दिग्गज Head Coach की रेस में, VVS लक्ष्मण सबसे आगे | वनइंडिया

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Chris Kreider's Hat Trick Leads Rangers to Victory from cup e magazine 157 cup e offlcial

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The Italian club issued a statement saying Massimiliano Allegri’s conduct “was not in line with Juventus’ values”.

Juventus axe coach Massimiliano Allegri over referee flare-up in Italian Cup final

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