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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 👁 110.9M

HOCK international

CMA Part 2 - F - Fraud Triangle

⏲ 6 minutes 9 seconds 👁 713

Accelerate with Jane

CMA Part 2 | Lesson 1-4: Fraud | CMA Free Lessons (English)

⏲ 17 minutes 8 seconds 👁 586

Vladimir Pereverzin is a former businessman from Russia. He was imprisoned for seven years in some of Russia'’s most notorious jails and penal colonies on fabricated charges of embezzlement and fraud.<br/><br/>Pereverzin tells Business Insider about life in Russian jails and prisons, including details about police interrogations, solitary confinement, and forced labor. He describes the conditions in prison camps and discusses his time behind bars at several of the penal colonies that also held the Russian opposition leader Alexey Navalny. <br/><br/>Pereverzin worked in Cyprus for Yukos, an oil company owned by the billionaire businessman Mikhail Khodorkovsky. In 2005, Khodorkovsky was sentenced on charges of fraud, which were widely considered to be politically motivated. Russian prosecutors accused other Yukos executives alongside Khodorkovsky, Pereverzin among them.<br/><br/>Pereverzin's book about his experiences, \

How prison in Putin's Russia actually works, according to a former penal colony inmate

⏲ 26:26 👁 12.4M

The Long-Term Investor

Warren Buffett On Exposing Business Frauds And Deception

⏲ 10 minutes 56 seconds 👁 138.8K

The Long-Term Investor

Warren Buffett: Private Equity Firms Are Typically Very Dishonest

⏲ 6 minutes 5 seconds 👁 595.1K

Anthony Scaramucci, Founder and Managing Partner, SkyBridge Capital, Andrew Yang, Co-chair, Forward Party Moderator: Jeff John Roberts, Fortune

Future of Finance 2024: Biden, Trump and What the 2024 Election Means for Finance

⏲ 17:36 👁 9.5M

Big Think

Forensic accountant explains why fraud thrives on Wall Street

⏲ 7 minutes 36 seconds 👁 467.7K

Wall Street Millennial

Luckin Coffee Fraud Explained

⏲ 8 minutes 50 seconds 👁 701.8K

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 7.9M

CNBC Television

Atlas Merchant Capital CEO: Interest rates around 5 to 5.50 percent are fantastic for banks

⏲ 5 minutes 2 seconds 👁 3.9K

Gourav Kabra - CA u0026 CMA

CMA Exams - Reality of Paper Checking | June (2024)

⏲ 20 minutes 56 seconds 👁 4.4K

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