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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")
_us-and-philippine-forces-sink-a-ship-during-largescale-drills-in-the-disputed-south-china-sea-124-g18v.webp "CNN-News18")
US And Philippine Forces Sink A Ship During Largescale Drills In The Disputed South China Sea | G18V
⏲ 8 minutes 32 seconds 👁 36.8K
_china-consumer-prices-rise-for-a-third-month-124-reuters.webp "Reuters")
_39the-answer-is-that-it39s-unanswerable39-mike-johnson-asked-if-non-citizens-are-voting-in-elections.webp "At a Congressional Republican press briefing on Wednesday, House Speaker Mike Johnson (R-LA) was asked about non-citizens voting in elections. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 13:26 👁 114.2M
_how-to-draw-a-chinese-new-year-dragon-advanced.webp "Art for Kids Hub")
_are-china-and-the-us-entering-a-new-cold-war-bbc-news.webp "BBC News")
_usap-tayo-pauleenlunasotto-a-day-in-the-life-of-a-mom-of-two.webp "The 35-year-old actress and former Eat Bulaga! host enjoys a quieter part of the limelight for now because her time and focus are on her family. In this episode of Usap Tayo, #PauleenLunaSotto shares her journey through motherhood, now as a mother of two. #usaptayo #SmartParentingxPauleenLunaSotto #Motherhood")
_sustainable-development-in-china-124-124-a-billion-chinese-dreams-124-part-4-4.webp "CNA Insider")
⏲ 47 minutes 59 seconds 👁 58.1K
_china-says-manila-signed-a-9234secret9234-south-china-sea-deal-a-fact-check-124-vantage-with-palki-sharma.webp "Firstpost")
China Says Manila Signed a \"Secret\" South China Sea Deal: A Fact Check | Vantage with Palki Sharma
⏲ 6 minutes 45 seconds 👁 98.4K
_luxury-dining-near-the-beach-curo-restaurant-taste-test-124-flavor-profiles.webp "We visited Curo Restaurant in La Union to taste some of the food they offer. Located in Curbside Villa, Urbiztondo, this restaurant brings luxury to the local food scene.<br/><br/>Some of what we were able to try are the BBQ chicken salad, a perfect blend of smoky flavors and fresh ingredients. Spam chips, which offer a delightful crunch with every bite, and their special croquettes, lovingly named, Curbside Curo-quettes.<br/><br/>But we can never forget the USDA Angus Ribeye, which was easily the star of the show.<br/><br/>Join us and discover why our restaurant is a must-visit destination in Urbiztondo, La Union.")
_president-biden-explains-how-china-aims-to-39flood-a-market39-with-cheap-goods-shorts.webp "Yahoo Finance")
⏲ 48 seconds 👁 2.6K
_abject-weakness-labors-approach-to-chinese-military-incident-a-lost-opportunity.webp "Sky News Australia")
⏲ 5 minutes 26 seconds 👁 2.6K
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