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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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Jonh Smith

Miley Cyrus NAKED shots compilation from \"Wrecking Ball\" New Music Video -- WATCH HERE!

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Miley Cyrus - #GETITRIGHT (Live at the Bangerz Tour)

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Qualified uniformed and civilian government workers are set to receive their mid-year bonus starting May 15, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman announced.<br/><br/>READ MORE: https://mb.com.ph/2024/5/14/mid-year-bonus-for-government-workers-may-15

Mid-year bonus for government workers: May 15

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mattypop39

Miley Cyrus at G-A-Y

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Miley Cyrus - Jaded (Backyard Sessions)

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Northampton Chronicle & Echo Morning Update 14 May, 2024 from sexxxxxxx maily saires

Northampton Chronicle & Echo Morning Update 14 May, 2024

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Miley Cyrus - Flowers (Official Video)

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Miley Cyrus - Adore You (Behind the Scenes)

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North West News Bulletin Tuesday May 14 2024

North West News Bulletin Tuesday May 14 2024

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PopForThePlot Edits

Miley Cyrus - 23 (Sexy Edit)

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Miley Cyrus Ultimate Fap Reel

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