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
Drake is looking to unload his Beverly Hills estate anew -- and these days, he has every reason to hightail it out of California ... this as his Kendrick Lamar.. TMZ.com
A significant fire erupted at a deserted restaurant located at the terminus of the Oceanside Pier in North County San Diego on Thursday afternoon, as confirmed by the Oceanside Fire Department. The pier, an iconic structure stretching nearly 2,000 feet, has stood since its construction in 1888, serving as a central attraction in the coastal community of Southern California, just a stone's throw from Camp Pendleton. In a social media post on Thursday, the Oceanside Fire Department urged citizens to avoid the area surrounding the pier, emphasising their active engagement in combating the blaze.
#USNews #RestaurantFire #HistoricPier #SouthernCalifornia #CaliforniaFire #SanDiego #Watch #SouthCarolinaPier #FireIncident #Emergency
~HT.97~PR.152~ED.101~
Shohei Ohtani’s Interpreter Fired , Amid Allegations of ‘Massive Theft’.
Ippei Mizuhara, the Dodgers' interpreter for Ohtani, was fired on March 20, ESPN reports. .
Ippei Mizuhara, the Dodgers' interpreter for Ohtani, was fired on March 20, ESPN reports. .
Mizuhara, a longtime friend of Ohtani, allegedly wired at least $4.5 million to a bookmaking operation in Southern
California to cover his gambling debts.
At first, a spokesman for Ohtani and Mizuhara
said that the baseball star purposefully transferred the funds to pay his friend's gambling debt.
At first, a spokesman for Ohtani and Mizuhara
said that the baseball star purposefully transferred the funds to pay his friend's gambling debt.
I dug myself a hole and it kept on
getting bigger, and it meant I had to
bet bigger to get out of it and just kept
on losing. It's like a snowball effect, Ippei Mizuhara, to ESPN.
Obviously, he [Ohtani] wasn't happy
about it and said he would help me
out to make sure I never do this again.
He decided to pay it off for me. , Ippei Mizuhara, to ESPN.
I want everyone to know Shohei had
zero involvement in betting. I want people
to know I did not know this was illegal.
I learned my lesson the hard way.
I will never do sports betting ever again, Ippei Mizuhara, to ESPN.
Later, both the spokesperson and
Mizuhara walked back their claims.
In the course of responding to
recent media inquiries, we discovered
that Shohei has been the victim of a
massive theft, and we are turning
the matter over to the authorities, Berk Brettler LLP, via statement.
Obviously, this is all my fault,
everything I've done. I'm ready
to face all the consequences, Ippei Mizuhara, via statement.
Southern California bookmaker
Mathew Bowyer, whom the wire transfers
were sent to, is also being investigated.
Sports betting is currently illegal in California
Credit: Wibbitz Top Stories Duration: 01:31Published
Hurricane Idalia plowed into Florida’s Gulf Coast on Wednesday with howling winds, torrential rains and pounding surf, then weakened as it turned its fury on south-eastern Georgia, where floodwaters..
Hurricane Idalia strengthened over the Gulf of Mexico yesterday as it headed towards Florida's Gulf Coast, forcing evacuations in low-lying coastal areas, while South Carolina went into a state of..
![Red Lobster Announces Nearly 100 Locations Will Be Shut Down [Video]](https://video.newsserve.net/300/v/20240514/1375487824-Red-Lobster-Announces-Nearly-100-Locations-Will-Be.jpg)
![Harry and Meghan’s Archewell Delinquent Over Unpaid Fees [Video]](https://video.newsserve.net/300/v/20240514/1375476770-Harry-and-Meghan-Archewell-Delinquent-Over-Unpaid.jpg)
![U.S News: Restaurant at end of historic Southern California pier catches fire | Watch | Oneindia [Video]](https://video.newsserve.net/300/v/20240426/1373800110-News-Restaurant-at-end-of-historic.jpg)
![Shohei Ohtani’s Interpreter Fired Amid Allegations of ‘Massive Theft’ [Video]](https://video.newsserve.net/300/v/20240322/1370298028-Shohei-Ohtani-Interpreter-Fired-Amid-Allegations-of.jpg)
![Tropical storm Idalia continues barreling through the Southeast, Latest NEWS, News Hub77 [Video]](https://video.newsserve.net/300/v/20230831/1693467754-Tropical-storm-Idalia-continues-barreling-through-the-Southeast.jpg)
![Hurricane Idalia slams into Florida; Causes inundation, massive power outage | Oneindia News [Video]](https://video.newsserve.net/300/v/20230831/1357177194-Hurricane-Idalia-slams-into-Florida-Causes-inundation-massive.jpg)
![Hurricane Idalia to become a Category 4 storm as it closes in on Florida | Oneindia News [Video]](https://video.newsserve.net/300/v/20230830/1357139301-Hurricane-Idalia-to-become-Category-storm.jpg)
