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Red Lobster abruptly closing dozens of restaurants nationwide

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Red Lobster Abruptly Closing Dozens Of Restaurants News

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Red Lobster was a restaurant industry pioneer, but has declined in recent years due to a range of factors.

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TAGeX Brands is conducting an online auction of Red Lobster kitchen equipment, furniture and other contents at restaurants closing. The auction begins Monday and continues through Thursday, according to company founder Neal Sherman. Red Lobster was a restaurant industry pioneer, but has declined in recent years due to a range of factors, including corporate mismanagement, say former leaders at the chain and restaurant analysts.

 

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