Seafood restaurant chain Red Lobster has closed about 50 stores across the United States, according to a liquidation firm.
Neal Sherman, CEO and Founder of TAGeX Brands, announced: post He reported on LinkedIn that his company plans to host “the largest restaurant liquidation” through an online auction.of Website An investigation by TAGeX Brands found that 48 Red Lobster stores across the United States have closed.
red lobster locations etc. jacksonville,Florida, water townBloomingdale, New York, and Danville, Illinois. closed. According to him, this seafood chain has more than 700 stores across the United States. Website.
“Furniture, fixtures and equipment from some Red Lobster locations must be removed as soon as possible,” Sherman wrote in his post. “We are responding to this shutdown differently than we have in the past. At each auction, there will be only one successful bidder for the item listed from where you bid. Winner Takes All” To do.”
The announcement comes after the seafood restaurant chain was reportedly considering filing for bankruptcy after an all-you-can-eat shrimp promotion cost the company $11 million in 2023.
“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 based in Thailand in 2020 company Companies that produce marine products, bought Red Lobster stock. In January 2024, Thai Union will will end Our investment in Red Lobster will result in a loss of approximately $530 million as a result of our investment in the company.
Breitbart News reached out to Red Lobster for a statement, but did not receive a response in time for publication.
