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Red Lobster closes lots of diningestablishments inthemiddleof insolvency reports

By Romeo Peter

May 14, 2024May 14, 2024

1 minute, 3 seconds Read

Chinese visit the U.S.-based seafood chain Red Lobster, which opened its second restaurant in China, in Beijing on August 25, 2019. On Monday, Red Lobster abruptly closed more than 50 restaurants throughout the United States amid reports the company is considering filing for bankruptcy. File Photo by Stephen Shaver/UPI

Chinese goto the U.S.-based seafood chain Red Lobster, which opened its 2nd diningestablishment in China, in Beijing on August 25,2019 On Monday, Red Lobster quickly closed more than 50 diningestablishments throughout the United States amidst reports the business is thinkingabout submitting for personalbankruptcy. File Photo by Stephen Shaver/UPI | License Photo

May 13 (UPI) — U.S.-based Red Lobster quickly closed more than 50 of its seafood diningestablishments throughout the nation on Monday, as the business is reported to be thinkingabout Chapter 11 personalbankruptcy defense.

TAGeX Brands, which calls itself the “largest diningestablishment devices auction ever,” revealed a live auction through Thursday for the contents of more than 50 Red Lobster areas throughout the United States.

“As of today, choose Red Lobster places are closed,” TAGeX Brands composed in a post on its site, including that it will auction off all of the contents for each area.

“These auctions are ‘winner takes all’ — significance each winner will get the ENTIRE contents of the Red Lobster area they quote on,” TAGeX Brands included.

Currently, there are more than 700 Red Lobster places around the world.

Those Red Lobster diningestablishments quickly closed Monday are in 21 states, with 4 closures each in Maryland and Colorado, and 5 closures each for Florida and California.

According to Red Lobster’s site, more than