Red Lobster Announces, Nearly 100 Locations , Will Be Shut Down.
NBC reports that approximately 99 Red Lobster locations
will be auctioned off as the seafood chain faces
questions regarding the company's long-term future.
Founder and CEO of the liquidation firm TAGeX Brands,
Neal Sherman, said he would lead the closure of over
50 locations in a May 13 LinkedIn post.
Sherman said equipment from the
locations will be auctioned off.
Locations will reportedly be closed across
the United States, including Denver,
Indianapolis, California and New York.
On May 14, Restaurant Business Magazine reported
a total of 99 locations would close, representing
about 15% of the company's 700 locations. .
NBC reports that the largest seafood
restaurant in the U.S. has struggled with debt,
unfavorable leases and executive turnover.
The chain's troubles also stem from ill-advised
strategies like an all-you-can-eat-shrimp promotion
in 2023 that resulted in a significant loss.
Earlier in 2024, the chain's largest investor,
Thai Union, announced that it would
seek to exit its position. .
The combination of Covid-19 pandemic,
sustained industry headwinds, higher
interest rates and rising material and
labor costs have impacted Red Lobster,
resulting in prolonged negative
financial contributions to
Thai Union and its shareholders, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC.
After detailed analysis, we have
determined that Red Lobster’s
ongoing financial requirements
no longer align with our capital
allocation priorities and
therefore are pursuing an exit
of our minority investment, Thiraphong Chansiri, Thai Union Group’s CEO, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Harry and Meghan’s Archewell , Delinquent Over Unpaid Fees.
The Duke and Duchess of Sussex's charity is currently prohibited from raising money in California because it's
been found delinquent in the state, NBC News reports. .
California Attorney General Rob Bonta was responsible for issuing the delinquency notice. .
According to the state of California,
Archewell has yet to pay its yearly
registration fees or submit an annual report.
A source familiar with the situation said that the foundation's check was lost in the mail, but another one has been sent out. .
The issue will likely be resolved in a
matter of days, according to the source.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
Meanwhile, Harry and Meghan have been in Nigeria supporting causes such as wounded veterans.
The Archewell Foundation was launched in 2020 after the couple stepped away from the royal family.
The foundation's mission is, "Show up, do good.".
We consciously partner with
key organizations and leaders
to identify immediate needs,
build meaningful initiatives,
and drive long-term change, Via the Archewell Foundation's website
Credit: Wibbitz Top Stories Duration: 01:31Published
The Duke and Duchess of Sussex's Archewell Foundation has been labelled "delinquent" by California's Registry of Charities and Fundraisers for failing to submit.. Sky News
Prince Harry and Meghan Markle's charitable org has hit a snag -- being declared delinquent by the state of California, but there's a perfectly good explanation.. TMZ.com
Susan Backlinie, who played one of the most memorable roles in "Jaws," has died ... TMZ has learned. The longtime actress and stuntwoman passed away at her home.. TMZ.com
Lawyer Adila Hassim addressed the court, emphasising that South Africa had been compelled to return to the court due to Israel's defiance of earlier provisional measures. She noted that since Israel initiated its incursion of Rafah, 600,000 Palestinians had been forced to flee, without any safe havens. Palestinians in Gaza, she stated, were still being subjected to an ongoing and intensifying genocide, with their future hanging in the balance. Since South Africa first appeared before the ICJ in January, she highlighted that at least 11,500 Palestinians had been directly killed by Israel, with the majority being women and children. On average, she mentioned, two mothers and four children were killed every hour. She emphasized that this onslaught had occurred despite the binding orders of the court..
#Gaza #ICJ #SouthAfrica #IsraeliAssault #Rafah #HumanitarianCrisis #IsraelHamasWar #Lawyer #LegalCase #WarCrimessouth
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Seven months into the conflict triggered by Hamas's October 7 attack, Israeli forces are engaged in fierce battles with Palestinian militants in Gaza, focusing on Rafah near the Egyptian border and new flashpoints in northern and central areas. An incident of friendly fire in Jabalia resulted in the deaths of five Israeli soldiers and injuries to seven others. Despite heavy fighting and Israeli airstrikes across Gaza, Prime Minister Netanyahu has ordered an offensive in Rafah, claiming mass evacuations have prevented a humanitarian catastrophe. He emphasised that planning for Gaza's future governance is premature until Hamas is defeated. Defense Minister Yoav Gallant countered by calling for Palestinian entities, supported by international actors, to govern Gaza post-conflict. Meanwhile, Hamas leader Ismail Haniyeh declared that Hamas and other Palestinian factions would determine Gaza's governance, reiterating demands for a permanent ceasefire and the lifting of the siege. The conflict has resulted in significant casualties, with 278 Israeli troops and at least 35,233 Palestinians killed, and has led to severe shortages of essential supplies in Gaza.
#IDFSoldiersKilled #IsraeliSoldiersKilled #Israel #Hamas #Gaza #IDF #FriendlyFire #MiddleEastConflict #Rafah #Jabalia #WarCasualties #HumanitarianCrisis
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In a significant political challenge to Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant urged Netanyahu to make difficult decisions for non-Hamas governance in Gaza, warning that the current war gains are at risk and Israel's long-term security is endangered. Gallant strongly opposed Israeli civil or military rule in Gaza, advocating instead for governance by non-Hamas Palestinian entities with international support. He stressed the urgent need for a viable alternative to Hamas to prevent the group from regrouping and undermining Israel's military achievements. Gallant called for Netanyahu to publicly reject the idea of continued Israeli control in Gaza, warning that indecision could lead to detrimental options: continued Hamas rule or Israeli military governance. He emphasised the importance of political action alongside military efforts and the critical role of all government departments in achieving this goal.
#Netanyahu #Gallant #IsraelHamasWar #GazaGovernance #MiddleEastConflict #IsraelSecurity #PoliticalTensions #Hamas #Fatah #InternationalSupport
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Watch as an Israeli drone strike targets civilians seeking internet access in Gaza, resulting in numerous casualties. Meanwhile, the United Nations reveals the staggering displacement of over half a million Palestinians amid escalating attacks by Israel in the war-torn region. Stay informed on the latest developments in Gaza.
#IsraeliAirStrike #IsraeliStrike #InternetinGaza #Gazans #GazaPeople #IsraeliDroneStrike #UNonGaza #IsraelHamasWar #IsraelPalestine #Oneindia
~PR.274~ED.101~GR.125~HT.96~
Watch as tensions escalate at the University of California, Los Angeles, as law enforcement officers clash with pro-Palestinian demonstrators. Police tear down barricades and detain dozens of protesters in an effort to control the anti-Israel demonstrations. Stay tuned for the latest updates on this developing story.
#UCLA #ProPalestineProtest #ProPalestinianProtesters #UniversityofCalfornia #LosAngeles #AntiIsraelProtest #Oneindia
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Riot police took to the UCLA campus ordering a large gathering of pro-Palestinian demonstrators within a fortified encampment to withdraw or face arrest.
Credit: euronews (in English) Duration: 00:50Published
Violent clashes erupted at the University of California in Los Angeles (UCLA) on Wednesday between pro-Palestinian protesters and a group of counter-demonstrators, as reported by live video coverage..
California police move in to dismantle pro-Palestinian protest camp at UCLA
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