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
Ukraine's army urgently needs 500,000 new soldiers to hold off Russian troops in the east. With a new mobilisation law, Kyiv now ups the ante on men fit for military service to sign up. DW's Carolina Chimoy reports.
#Ukraine #RussianTroops #MilitaryMobilization #UrgentCall #DefenseEfforts #Kyiv #Security #NationalDefense #MilitaryService #TroopDeployment #Conflict #NationalSecurity #MilitaryDraft #DefenseStrategy #EasternFront #RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
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Hamas has been planning to establish a covert base in Turkey and other terror cells to coordinate attacks against Israeli targets, including NATO members, according to a document captured by the IDF in Gaza, reported by The Times. The document, found in the home of a key Hamas leader’s chief of staff, outlines a strategy to create secret bases to bolster resistance forces and conduct intelligence and military operations. The plan includes targeted assassinations, sabotage of Israeli naval vessels, and kidnappings. The Turkish government, supportive of Hamas, labels it a "liberation group." President Erdogan has harshly criticised Israeli Prime Minister Netanyahu, stating his methods would make "Hitler jealous." Erdogan also announced that over 1,000 Hamas members are being treated in Turkish hospitals and expressed disappointment over Greece’s stance that Hamas is a terrorist organisation. Despite public support, Erdogan denies that Hamas conducts terrorist operations from Turkey.
#Hamas #TurkeyBase #IDF #SecretDocument #Erdogan #YahyaSinwar #RafahOffensive #Netanyahu #IsraelHamasWar #MiddleEastConflict #Terrorism #GazaStrip #Mossad #NATO #CovertOperations
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As the conflict between Russia and Ukraine escalates, a new tactical emblem has been observed on Russian military equipment near Kharkiv. This symbol, characterised by a central square with two overlapping diagonal crosses, indicates a significant escalation in Russia's military operations, particularly in the Kharkiv Region. According to reports from OSINT Defender, this emblem is linked to Russia's renewed border offensive in northeast Ukraine, with Russian forces actively attempting to breach Ukrainian defences, notably around Vovchansk. These symbols serve as identification friend or foe (IFF) measures in conflict zones, aiming to prevent friendly fire. Notably, the 'Z' marking, prominent during the 2022 Ukraine invasion, became a symbol of Russian support for the war effort.
#RussiaMilitaryMysteriousSymbol #MysteriousSymbol #RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
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Ukraine's intelligence chief, Kirill Budanov, has openly acknowledged the worsening situation in the country, particularly in the north, where Moscow has seized multiple villages in the Kharkiv region. With a shortage of manpower and delays in Western military aid, Ukraine's military is facing a critical situation. Budanov warned that Russia's next incursion is imminent, putting further strain on Ukrainian forces. Despite efforts to redirect troops, the frontline remains precarious, with Budanov expressing concern about the country's defense capabilities.
#RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
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Thousands of pro-Palestinian demonstrators have been gathering in central Malmö ahead of the 2024 Eurovision Song Contest. They have been protesting against Israel’s participation in this year’s contest in the southern Swedish city. Security is tight ahead of the final on Saturday, with armoured police reinforcements from Denmark and Norway drafted in to help. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
These Are the Happiest Countries , on Earth in 2024.
The World Happiness Report
was released on March 20.
It was compiled using global survey data based on life evaluations from 2021 to 2023.
Six key variables were considered:
"GDP per capita, social support, healthy life expectancy, freedom, generosity and
perceptions of corruption," CNN reports. .
The 10 happiest countries in the world are:.
Australia.
Switzerland.
Luxembourg.
Norway.
Netherlands.
Israel.
Sweden.
Iceland.
Denmark.
Finland.
The United States dropped to No. 23.
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan. .
The lowest-ranked countries for
happiness are Congo, Sierra Leone,
Lesotho, Lebanon and Afghanistan.
Credit: Wibbitz Top Stories Duration: 01:30Published
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