Seafood restaurant chain Red Lobster has closed 100 locations across the United States, according to its website.
100 Red Lobster stores in Alabama, Colorado, Georgia, California and Florida are listed as closed by the company. Website As of Tuesday.
Neal Sherman, CEO and Founder of TAGeX Brands, announced: post He announced on LinkedIn on Monday that his company will host the “largest restaurant liquidation” through an online auction. TAGex Website The company planned to list 48 closed Red Lobster stores across the U.S. for auction, and to auction off kitchenware and furniture from the stores.
red lobster location lacrosse,Wisconsin, water townNew York, Gaithersburg, Maryland, and Bloomingdale and Danville, Illinois. closed.
All three place A restaurant in Jacksonville, Florida, was also on the list of closures, according to the restaurant chain’s website.
One Red Lobster employee in Buffalo, New York said, Said According to WKBW, they learned about the restaurant’s closure not from the company, but from one of the chefs.
“This morning, I got one call after another, and my son Don called me and said, ‘Come right now,'” Ramon Garcia told the magazine. “I said, “Why, do you have today off?” and he said, “Hey, I have a lot of things to do, so you should come over.”
Red Lobster’s first location opened in Lakeland, Florida in 1968, and the seafood chain now has many more locations. 700 locations All over the world.
This comes nearly a month after Red Lobster considered filing for bankruptcy after losing $11 million in 2023 on its all-you-can-eat shrimp promotion.
“For those who have recently been in the United States, $20 was a very low price,” Red Lobster Chief Financial Officer Ludovic Garnier said in a statement in November. “The rationale behind this promotion was to increase foot traffic to the restaurant, although we knew the prices were low.”
Thai Union, a Thailand-based company specializing in manufacturing seafood-based products, purchased a stake in Red Lobster in 2020.A few years later, in January 2024, the Thai Union statement The company is exiting Red Lobster, taking a $530 million loss on its investment in the company.
