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_red-lobster-announces-nearly-100-locations-will-be-shut-down.webp "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")
_positions-to-help-men-last-longer-in-bed.webp "Vanessa and Xander Marin")
_khalid-location-official-video.webp "Khalid")
_singapore-swears-in-its-first-new-pm-in-two-decades.webp "Singapore's Lawrence Wong was sworn in on Wednesday (May 15) as its first new premier in 20 years and only its fourth leader since independence. <br/><br/>51-year-old Wong will retain his current position as finance minister and takes charge of a country led for two decades by Lee Hsien Loong, the 72-year-old son of Lee Kuan Yew, the founder of modern Singapore who stayed in politics until his death in 2015. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_dave-location-ft-burna-boy.webp "Santan Dave")
_5-sex-positions-older-women-say-39no-thanks39-to-124-mutual-pleasure-women-over-60.webp "Hustle Hive")
⏲ 4 minutes 24 seconds 👁 1.6K
_rory-mcilroy-believes-if-he-repeats-current-form-at-valhallas-pga-championship-he-could-repeat-feat-set-in-2014.webp "As the PGA Championship at Valhalla is just one week away, the course where Rory Mcilroy last felt major glory a decade ago, he’s in flying form and following a Wells Fargo tournament win, is in a great position to be at the very top of the sport once again. <br/><br/>Interviews and video footage courtesy of The PGA")
⏲ 3:0 👁 10.8M
_men-don39t-trust-a-woman-who-loves-these-sx-positions.webp "Jane modo")
_50-cent-21-questions-official-music-video-ft-nate-dogg.webp "50 Cent")
_speaker-mike-johnson-lends-support-to-trump-outside-hush-money-trial.webp "U.S. House Speaker Mike Johnson became the highest-ranking Republican to show up at court with Donald Trump on Tuesday, using his powerful position to attack the hush money case against the former president as an illegitimate “sham.”")
_jeremih-birthday-sex.webp "Jeremih")
_feminist-sex-positions-liz-miele.webp "Liz Miele")
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