Red Lobster Announces Nearly 100 Locations Will Be Shut Down
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Red Lobster Announces Nearly 100 Locations Will Be Shut Down
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.
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
Flavor Flav Orders Entire Red Lobster Menu , to Help Chain After Bankruptcy Filing.
Flavor Flav Orders Entire Red Lobster Menu , to Help Chain After Bankruptcy Filing.
Red Lobster filed for
Chapter 11 bankruptcy last month.
Days before doing so, the chain
closed nearly 100 locations. .
On June 3, rapper Flavor Flav took to X to show his support for the restaurant. .
Ya boy meant it when I said I was
gonna do anything and everything
to help @redlobster and save
the cheddar bay biscuits, Flavor Flav, via X.
Ordered the whole menu!!!, Flavor Flav, via X.
In an additional post, the 65-year-old said
that he shared the food with his family.
Red Lobster commented beneath his post, saying, "It's flavor time, boyeeeeeeee.".
Red Lobster commented beneath his post, saying, "It's flavor time, boyeeeeeeee.".
Many blame Red Lobster's turbulence
on Thai Union's mismanagement.
The company took over the chain
in 2020 and owns a 49% stake.
Les Foreman, a former West Coast division vice president who worked at Red Lobster for 20 years, .
told CNN, "It was miserable working there
for the last year and a half I was there.".
They didn’t have any idea
about running a restaurant
company in the United States, Les Foreman, a former West Coast division vice president, to CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
Lisa Kudrow says she's finally rewatching 'Friends' because of Matthew Perry. The actress has previously admitted that she couldn't bring herself to watch reruns of the beloved NBC sitcom, explaining she didn't want to risk not liking her work on the show. But in a recent interview with The Hollywood Reporter to promote her upcoming Apple TV+ series 'Time Bandits,' Kudrow revealed that she's begun to revisit old 'Friends' episodes, in large part to keep the memory of her late co-star Perry alive. Perry died October 28th, 2023, at age 54.
Credit: The Hollywood Reporter Duration: 01:26Published
Travis Kelce , Makes First Onstage Appearance With, Taylor Swift.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce performed alongside Swift for the intro
of 'I Can Do It With a Broken Heart' in the
new 'Tortured Poets' era of the show.
Normally, for the final transition of the show,
Swift is accompanied by two male dancers
who carry her to a heart-shaped couch. .
NBC reports that Kelce appeared in full
costume and showed off both his acting
and dancing skills while on stage.
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The pair's high-profile relationship
has been going on for almost a year,
beginning with rumors last summer.
In September, the couple went public
with their relationships at a Kansas City
Chiefs game against the Chicago Bears.
According to NBC, Kelce had
already attended a number of
Swift's London Eras shows. .
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show.
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Rejects , Challenge to Tax Law on, Foreign Investments.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
NBC reports that the case had attracted scrutiny when
conservative Justice Samuel Alito refused to recuse
himself despite ties with one of the challenging lawyers.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
According to the 16th Amendment
of the Constitution, Congress has the
power to "collect taxes on incomes.".
In the case, Charles and Kathleen Moore claim they were
unfairly taxed on their $40,000 investment in an
India-based company called KisanKraft Machine Tools. .
While the company made a profit, the Moores
claim that they received no dividends and that
the money was reinvested in the business.
As a result, the Moores did not pay taxes between
2006 and 2017 on what the U.S. government later
defined as income from their investment. .
Due to a provision that was part of a major tax law
enacted by former President Donald Trump in 2017,
the Moores paid $15,000 in additional taxes.
They later sought a refund for that payment,
arguing that they had been unlawfully taxed
based on an increase in the value of a capital
investment not qualifying as income.
The couple's challenge was rejected
by the Supreme Court 7-2
Credit: Wibbitz Top Stories Duration: 01:30Published
Surgeon General Wants, Social Media to Include , Warning of Mental Health Risks.
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
According to Murthy, the warning would include
language that alerts users to potential mental health
harms associated with using social media.
A surgeon general’s
warning label, which requires
congressional action, would
regularly remind parents and
adolescents that social media
has not been proved safe, Vivek Murthy, U.S. Surgeon General, via NBC.
Evidence from tobacco labels
shows that surgeon general’s
warnings can increase
awareness and change behavior, Vivek Murthy, U.S. Surgeon General, via NBC.
Murthy reportedly went on to
acknowledge that a warning alone has
limitations and fails to make social media safe.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
According to the American Psychological Association,
teens spend around five hours a day on popular
platforms like Instagram, TikTok and YouTube. .
In his 'NYT' op-ed, Murthy called on all social media
platforms to "proactively enhance and contribute to
the mental health and well-being of our children.".
One 2019 study found that the number of teens with suicidal thoughts increased 47% between 2008 and
2017, a period which also saw social media use soar.
Credit: Wibbitz Top Stories Duration: 01:31Published
Jelly Roll Calls Duet With Eminem , the ‘Coolest Moment’ of His Career to Date.
Jelly Roll performed a surprise duet
with Eminem on NBC's 'Live From Detroit:
The Concert at Michigan Central.'.
Jelly Roll performed a surprise duet
with Eminem on NBC's 'Live From Detroit:
The Concert at Michigan Central.'.
In an interview with 'Entertainment Tonight'
on June 10, the singer shared how elated he was.
When I think about coolest moments
of my career, right now at the top,
there has to be this thing that I got
to go sing with Eminem in Detroit, Jelly Roll, to 'Entertainment Tonight'.
I got to sing ‘Sing for the Moment’
with him, which is a record where
he sampled Steven Tyler. , Jelly Roll, to 'Entertainment Tonight'.
I mean, just what an incredible
night and I got to go do it
in Detroit. It was unreal. , Jelly Roll, to 'Entertainment Tonight'.
Jelly Roll went on to reveal that Eminem was the one who reached out to him to perform. .
Em reached out, his team reached
out and said, ‘Would you be interested
in doing this since he was already
there doing the secret tribute?', Jelly Roll, to 'Entertainment Tonight'.
I couldn’t believe it. I thought it was
a joke until I met Eminem himself …
As soon as I met Eminem, it was like
the coolest moment ever, man, Jelly Roll, to 'Entertainment Tonight'.
I was giddy, like a child.
You could see it all over my
performance. Just the kid in me. , Jelly Roll, to 'Entertainment Tonight'.
Jelly Roll is currently working on his new album, a follow-up to 2023's 'Whitsitt Chapel.'.
I have been drowning in this album. I’ve
never wrote more songs. I’ve never took
it more serious and I’m probably gonna
release more music this year than I’ve
ever released in a year of my career. , Jelly Roll, to 'Entertainment Tonight'
Credit: Wibbitz Top Stories Duration: 01:31Published
Surprising Stats That , Highlight the Power, of Social Media.
Facebook reigns supreme with
over 3 billion monthly active users.
Teenagers are using Facebook less.
In 2023, only 33% claimed to be on the platform.
90% of U.S. marketers say Instagram is the most important social media tool for influencer marketing.
The platform has 2 billion monthly active users, with 87% who use Instagram Stories.
70% of X users are male.
TikTok has 1.5 billion monthly
active users worldwide.
LinkedIn has over 930 million users in more than 200 countries and territories.
Eight people are hired
every minute on the platform
Credit: Wibbitz Top Stories Duration: 01:02Published
LinkedIn Expands , AI Job-Hunting Features.
Premium English-speaking subscribers
will get a first look at LinkedIn's new
AI-powered features, The Verge reports.
The features can help users to find jobs,
tweak resumes and get advice from chatbots.
LinkedIn Chief Product Officer Tomer Cohen
pointed to a new conversational job search tool. .
Navigate & find job opportunities effortlessly
and faster by simply asking in plain language,
such as, 'Find me a remote marketing job
in Detroit that pays at least $110,000.', LinkedIn Chief Product Officer Tomer Cohen, via blog post.
You'll also be able to receive help with cover letters,
get feedback on your resume and "make edits
interactively with AI," according to LinkedIn's Rohan Rajiv. .
AI personas of various experts are also being developed.
The responses you’ll receive are trained
by experts and represent a blend
of insights that are personalized to
each learner’s unique needs, LinkedIn Chief Product Officer Tomer Cohen, via blog post.
The company also intends to improve
search capabilities with generative AI. .
With our new search capabilities, every search
interaction becomes smarter — whether you’re
looking to find someone, explore jobs, conduct
outreach, or seek knowledge and answers, LinkedIn Chief Product Officer Tomer Cohen, via blog post.
AI is set to revolutionize our search
capabilities, enabling you to explore
the depth and breadth of any topic
directly through LinkedIn search. , LinkedIn Chief Product Officer Tomer Cohen, via blog post.
Enhancements are expected
to roll out “in the coming weeks.”
Credit: Wibbitz Top Stories Duration: 01:31Published
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