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_red-lobster-announces-nearly-100-locations-will-be-shut-down.jpg "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")
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_higher-status-audiobook-124-jason-capital-book-review.jpg "Niko Arapkiles")
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_how-to-have-a-powerful-voice-124-the-5-traits-of-a-high-status-voice-124-higher-status-by-jason-capital.jpg "The Better Men Project")
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_lainey-wilson-wins-big-at-acm-awards.jpg "Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.")
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_honest-review-higher-status-by-jason-capital-the-5-voice-traits-of-higher-status-person.jpg "Honest Self Help Book Reviews")
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_lainey-wilson-wins-big-at-acm-awards.jpg "Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.")
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_discover-the-hidden-power-of-higher-status-jason-capital-book-summary.jpg "Chris Weatherburn")
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_honest-review-higher-status-by-jason-capital-higher-status-carefreeness.jpg "Honest Self Help Book Reviews")
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_never-forget-this-if-you-want-to-succeed-the-1st-commandment-of-success.jpg "JasonCapital")
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_how-to-be-a-high-status-man-ft-jason-capital.jpg "Brandon Carter "Victory Vlogs"")
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_designing-your-high-status-future-with-jason-capital.jpg "JasonCapital")
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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")
_higher-status-audiobook-124-jason-capital-book-review.webp "Niko Arapkiles")
_how-to-have-a-powerful-voice-124-the-5-traits-of-a-high-status-voice-124-higher-status-by-jason-capital.webp "The Better Men Project")
_lainey-wilson-wins-big-at-acm-awards.webp "Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.")
_honest-review-higher-status-by-jason-capital-the-5-voice-traits-of-higher-status-person.webp "Honest Self Help Book Reviews")
_how-to-be-higher-status-124-jason-capital-review.webp "Time To Improve")
_lainey-wilson-wins-big-at-acm-awards.webp "Lainey Wilson and Chris Stapleton each scooped three prizes at the 2024 ACM Awards on Thursday (16.05.24) night.")
_discover-the-hidden-power-of-higher-status-jason-capital-book-summary.webp "Chris Weatherburn")
_honest-review-higher-status-by-jason-capital-higher-status-carefreeness.webp "Honest Self Help Book Reviews")
_never-forget-this-if-you-want-to-succeed-the-1st-commandment-of-success.webp "JasonCapital")
_how-to-be-a-high-status-man-ft-jason-capital.webp "Brandon Carter "Victory Vlogs"")
_designing-your-high-status-future-with-jason-capital.webp "JasonCapital")
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