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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")
_frans-ceo-khona-lento-engizwayo-official-music-video.webp "FRANS CEO")
_frans-ceo-khona-lento-engiyizwayo.webp "FRANS CEO")
_easyjet-reveals-ceo-johan-lundgren-will-step-down-in-2025.webp "Budget airline easyJet has revealed boss Johan Lundgren will step down in 2025 after seven years at the helm as it reported improved half-year losses. The carrier said Mr Lundgren, who became chief executive in December 2017, will leave early next year and will be succeeded by chief financial officer Kenton Jarvis, who has been with the group since February 2021.")
_neffex-ceo-copyright-free-no-221.webp "NEFFEX")
_finesse2tymes-ceo-feat-kevin-gates-official-audio.webp "Finesse2tymes")
_mckeel-hagerty-discusses-autonomy-fighting-for-the-right-to-drive-amp-preserving-car-culture.webp "MotorTrend's Ed Loh & Jonny Lieberman chat with Hagerty CEO")
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_frans-ceo-inkinga-zothando.webp "FRANS CEO")
_frans-ceo-i-qiniso.webp "FRANS CEO")
_andrea-brillantes-new-beauty-ambassador-of-dietary-supplement.webp "Dietary supplement and skincare brand Dear Face recently introduced actress Andrea Brillantes as its latest ambassador. <br/><br/>Andrea is the new face of its Beauty Milk product, particularly the melon flavor collagen drink.<br/><br/>The Kapamilya star revealed being a fan of Beauty Milk, sharing that she has been a regular consumer of the product even before being approached to endorse the brand.<br/><br/>Present during the event to officially welcome Andrea to the Dear Face family was CEO Jonah Sison.<br/><br/>#andreabrillantes #beautymilk #jonahsison<br/><br/>Video: Bong Godinez<br/>Edit: Rommel Llanes<br/><br/>Subscribe to our YouTube channel! https://www.youtube.com/@pep_tv<br/><br/>Know the latest in showbiz at http://www.pep.ph<br/><br/>Follow us! <br/>Instagram: https://www.instagram.com/pepalerts/ <br/>Facebook: https://www.facebook.com/PEPalerts <br/>Twitter: https://twitter.com/pepalerts<br/><br/>Visit our DailyMotion channel! https://www.dailymotion.com/PEPalerts<br/><br/>Join us on Viber: https://bit.ly/PEPonViber<br/><br/>Watch us on Kumu: pep.ph")
_frans-ceo-never-love-again.webp "LotionDollars musiq chat")
_frans-ceo-u-shokolethi.webp "FRANS CEO")
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