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Red Lobster abruptly closed the doors of at least 50 restaurants nationwide on Monday including a dozen in New York and New Jersey, blindsiding seafood chain employees.

TAGeX Brands, a restaurant liquidator, revealed it is auctioning off kitchen items and furniture from shuttered Red Lobster locations as part of its “largest restaurant equipment sale ever.”

Fourteen locations in New York and New Jersey were “temporarily closed” for the foreseeable future, according to Red Lobster’s website, as the struggling company weighed a possible Chapter 11 bankruptcy filing.

Among the shutdown locations are: Lakewood, NY; Buffalo, NY; Amherst, NY; Williamsville, NY; Rochester, NY; Poughkeepsie, NY; Stony Brook, NY, Kingston; NY; Scarsdale, NY; Nanuet, NY; Ledgewood, NJ; Lawrenceville, NJ; East Brunswick, NJ; Bridgewater, NJ.

Red Lobster which has 649 locations nationwide  has not publicly commented on the closures.

Employees and customers at a Red Lobster in Buffalo were greeted with a sign taped on the glass window that marked the restaurant’s closure, according to WKBW.

“This location is closed. We look forward to serving you at another Red Lobster location in the future,” the sign read.

Ramon Garcia, an employee, told the outlet that he learned of his store’s shutdown from a fellow worker.

Corporate officials allegedly only reached out when they informed the workers that they had three days to clear everything out of the location.

“This happened out of nowhere. All the people that we work with, they’re losing their jobs and not knowing what to expect after that,” Garcia said. “It’s taking a toll on them.”

“I didn’t know we were going bankrupt, but I kind of knew, if you know what I’m saying,” Garcia said. “They were cutting back on a lot of stuff.”

Last month, Red Lobster mulled a decision to file for Chapter 11 bankruptcy to restructure their debts, according to a report.

The seafood chain has sought advice from law firm King & Spalding on how to shed some long-term contracts and renegotiate a chunk of its leases, people with knowledge of the matter told Bloomberg.

In January, Thai Union Group PCL, a Thailand-based seafood giant that owns Red Lobster, revealed its intention to pursue an exit of its minority investment, blaming rising costs and the COVID-19 pandemic.

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, Thai Union Groups CEO Thiraphong Chansiri said.

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After detailed analysis, we have determined that Red Lobsters ongoing financial requirements no longer align with our capital allocation priorities and therefore are pursuing an exit of our minority investment.

Thai Union paid $575 million to Golden Gate Capital, Red Lobster’s then-parent company, for a 25 percent stake in the restaurant chain in 2016.

The group claimed Red Lobster logged a share loss of $19 million during the first nine months of 2023.

The restaurant also blamed the “Ultimate Endless Shrimp” deal, which allows customers to spend $20 on all-you-can-eat shrimp, for its $11 million loss in the third quarter last year.

Union Group CFO Ludovic Regis Henri Garnier told Restaurant Business Magazine that the initiative was intended to help “boost traffic” but “it didn’t work” as the prices were raised to $25.

We want to keep it on the menu. And of course we need to be much more careful regarding what are the entry points and what is the price point we are offering for this promotion.

In March, Red Lobster appointed veteran bankruptcy expert Jonathan Tibus as its new CEO.

Red Lobster has since sought a buyer to take over operations, according to CNBC.

The outlet reported last month that one firm was interested in purchasing the company, but the deal never came to fruition.

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Entertainment

MasterChef presenter John Torode sacked

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MasterChef presenter John Torode sacked

MasterChef presenter John Torode will no longer work on the show after an allegation he used an “extremely offensive racist term” was upheld, the BBC has said.

His co-host Gregg Wallace was also sacked last week after claims of inappropriate behaviour.

On Monday, Torode said an allegation he used racist language was upheld in a report into the behaviour of Wallace. The report found more than half of 83 allegations against Wallace were substantiated.

Torode, 59, insisted he had “absolutely no recollection” of the alleged incident involving him and he “did not believe that it happened,” adding “racial language is wholly unacceptable in any environment”.

John Torode and Gregg Wallace in 2008. Pic:PA
Image:
John Torode and Gregg Wallace in 2008. Pic: PA

In a statement on Tuesday, a BBC spokesperson said the allegation “involves an extremely offensive racist term being used in the workplace”.

The claim was “investigated and substantiated by the independent investigation led by the law firm Lewis Silkin”, they added.

“The BBC takes this upheld finding extremely seriously,” the spokesperson said.

“We will not tolerate racist language of any kind… we told Banijay UK, the makers of MasterChef, that action must be taken.

“John Torode’s contract on MasterChef will not be renewed.”

Australian-born Torode started presenting MasterChef alongside Wallace, 60, in 2005.

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Why Gregg Wallace says he ‘will not go quietly’

A statement from Banijay UK said it “takes this matter incredibly seriously” and Lewis Silkin “substantiated an accusation of highly offensive racist language against John Torode which occurred in 2018”.

“This matter has been formally discussed with John Torode by Banijay UK, and whilst we note that John says he does not recall the incident, Lewis Silkin have upheld the very serious complaint,” the TV production company added.

“Banijay UK and the BBC are agreed that we will not renew his contract on MasterChef.”

Read more from Sky News:
BBC reveals highest-earning stars
Men who cut down Sycamore Gap tree locked up
Couple murdered two-year-old grandson

Earlier, as the BBC released its annual report, its director-general Tim Davie addressed MasterChef’s future, saying it can survive as it is “much bigger than individuals”.

Please use Chrome browser for a more accessible video player

BBC annual report findings

Speaking to BBC News after Torode was sacked, Mr Davie said a decision is yet to be taken over whether an unseen MasterChef series – filmed with both Wallace and Torode last year – will be aired.

“It’s a difficult one because… those amateur chefs gave a lot to take part – it means a lot, it can be an enormous break if you come through the show,” he added.

“I want to just reflect on that with the team and make a decision, and we’ll communicate that in due course.”

Mr Davie refused to say what the “seriously racist term” Torode was alleged to have used but said: “I certainly think we’ve drawn a line in the sand.”

In 2022, Torode was made an MBE in the Queen’s Birthday Honours, for services to food and charity.

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Politics

Programmable regulation is the missing key to DeFi’s legal future

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Programmable regulation is the missing key to DeFi’s legal future

Programmable regulation is the missing key to DeFi’s legal future

Programmable regulation could be the solution to legacy regulatory frameworks struggling to keep pace with DeFi’s rapidly evolving ecosystems. Embedding compliance in code can bring legal clarity, reduce risk and foster innovation in DeFi.

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UK

MasterChef presenter John Torode sacked

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By

MasterChef presenter John Torode sacked

MasterChef presenter John Torode will no longer work on the show after an allegation he used an “extremely offensive racist term” was upheld, the BBC has said.

His co-host Gregg Wallace was also sacked last week after claims of inappropriate behaviour.

On Monday, Torode said an allegation he used racist language was upheld in a report into the behaviour of Wallace. The report found more than half of 83 allegations against Wallace were substantiated.

Torode, 59, insisted he had “absolutely no recollection” of the alleged incident involving him and he “did not believe that it happened,” adding “racial language is wholly unacceptable in any environment”.

John Torode and Gregg Wallace in 2008. Pic:PA
Image:
John Torode and Gregg Wallace in 2008. Pic: PA

In a statement on Tuesday, a BBC spokesperson said the allegation “involves an extremely offensive racist term being used in the workplace”.

The claim was “investigated and substantiated by the independent investigation led by the law firm Lewis Silkin”, they added.

“The BBC takes this upheld finding extremely seriously,” the spokesperson said.

“We will not tolerate racist language of any kind… we told Banijay UK, the makers of MasterChef, that action must be taken.

“John Torode’s contract on MasterChef will not be renewed.”

Australian-born Torode started presenting MasterChef alongside Wallace, 60, in 2005.

Please use Chrome browser for a more accessible video player

Why Gregg Wallace says he ‘will not go quietly’

A statement from Banijay UK said it “takes this matter incredibly seriously” and Lewis Silkin “substantiated an accusation of highly offensive racist language against John Torode which occurred in 2018”.

“This matter has been formally discussed with John Torode by Banijay UK, and whilst we note that John says he does not recall the incident, Lewis Silkin have upheld the very serious complaint,” the TV production company added.

“Banijay UK and the BBC are agreed that we will not renew his contract on MasterChef.”

Read more from Sky News:
BBC reveals highest-earning stars
Men who cut down Sycamore Gap tree locked up
Couple murdered two-year-old grandson

Earlier, as the BBC released its annual report, its director-general Tim Davie addressed MasterChef’s future, saying it can survive as it is “much bigger than individuals”.

Please use Chrome browser for a more accessible video player

BBC annual report findings

Speaking to BBC News after Torode was sacked, Mr Davie said a decision is yet to be taken over whether an unseen MasterChef series – filmed with both Wallace and Torode last year – will be aired.

“It’s a difficult one because… those amateur chefs gave a lot to take part – it means a lot, it can be an enormous break if you come through the show,” he added.

“I want to just reflect on that with the team and make a decision, and we’ll communicate that in due course.”

Mr Davie refused to say what the “seriously racist term” Torode was alleged to have used but said: “I certainly think we’ve drawn a line in the sand.”

In 2022, Torode was made an MBE in the Queen’s Birthday Honours, for services to food and charity.

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