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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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China's reclamation of Sabina Shoal to block PH gas access in Reed Bank – Carpio<br/><br/>Former Supreme Court justice and West Philippine Sea advocate Antonio Carpio says that China's reclamation activities in Sabina shoal is strategic as it would allow them to prevent the Philippines from withdrawing gas from Reed bank, an area rich in oil and gas.<br/><br/>Video and Interview by Ezrah Raya<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/><br/>Visit our website at https://www.manilatimes.net <br/><br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/><br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/><br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Stitcher: https://tmt.ph/stitcher<br/>Tune In: https://tmt.ph/tunein<br/><br/>#TheManilaTimes<br/>#tmtnews<br/>#westphilippinesea <br/>#chinacoastguard

China's reclamation of Sabina Shoal to block PH gas access in Reed Bank – Carpio

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Labor’s self-proclaimed ‘responsible’ budget has delivered the second consecutive surplus in nearly two decades. Canberra Times politics reporter Miriam Webber and political analyst Mark Kenny break down what it means for Australians.

Federal budget 2024: expert analysis

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The Boston Celtics have a commanding 3-1 series lead vs. the Cleveland Cavaliers in their East semis second round series. But there were moments in the contest where old Celtics habits crept back in and put the game's outcome in doubt, with fans of the team predictably melting down on social media in response to those mistakes.<br/><br/>Do we need to worry about more of the same should Boston advance? And why is this still happening on some nights? Shouldn't they be better on nights when key players like Donovan Mitchell aren't available? And who taught Derrick White how to be a master of dad jokes?<br/><br/>If you're wondering why that last question came up, it's because the hosts of the CLNS Media \

Game 4 wins, dad jokes, and debunking bad Boston narratives with Richard White | Celtics Lab

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