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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")
_top-5-stubborn-owners-restaurant-impossible.webp "PHNSY LOCollege")
_0-pond-creek-rd-nashville-tn-37143.webp "0 Pond Creek Rd Nashville TN 37143 | Shaunna BoltonnnShaunna BoltonnnShaunna has spent most of her life as a successful singer/songwriter. She has been a professional in the music business for 30+ years. Passion drives her by nature. Listening and seeing things through the eyes of others is both a gift and a resource that she has drawn on her entire life.nHer passion for Real Estate began years and years ago when she was able to buy her first home and make it all hers, inside and out. R")
_probably-the-best-pizza-124-restaurant-impossible-124-food-network-asia.webp "Food Network Asia")
_irvine39s-confession-confirms-this-about-restaurant-impossible.webp "Mashed")
_a-tiny-taco-stand-in-mexico-city-is-the-first-of-its-kind-to-win-a-michelin-star.webp "A small restaurant in Mexico, measuring just three square metres, has been granted the first-ever Michelin star, breaking records for being the only taco shop among the 18 Mexican businesses to win the prestigious prize.")
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