{"id":2244286,"date":"2024-05-14T13:50:02","date_gmt":"2024-05-14T17:50:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-lobster-abruptly-closes-dozens-of-locations-largest-restaurant-liquidation-ever-underway\/"},"modified":"2024-05-14T13:53:59","modified_gmt":"2024-05-14T17:53:59","slug":"red-lobster-abruptly-closes-dozens-of-locations-largest-restaurant-liquidation-ever-underway","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/red-lobster-abruptly-closes-dozens-of-locations-largest-restaurant-liquidation-ever-underway\/","title":{"rendered":"Red Lobster abruptly shuts down numerous locations &#8211; Massive restaurant liquidation in progress"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fred-lobster-abruptly-closes-dozens-of-locations-largest-restaurant-liquidation-ever-underway%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2244286&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Red Lobster is closing numerous\u2062 locations across America, with equipment \u2062and furniture\u2063 being auctioned. TAGeX Brands \u200cis facilitating the sale of assets from over 50 stores affected by closures. \u200dNo official announcement from the chain has\u200c been made regarding this \u200dsubstantial restaurant liquidation\u200d event. Red Lobster is \u200bshutting\u200c down <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tornado-watch-in-effect-for-southeast-thunderstorms-to-hit-near-coast\/\" title=\"Tornado watch in effect for Southeast, thunderstorms to hit near coast\">multiple locations<\/a> across the USA, auctioning off \u2062equipment and furniture. TAGeX Brands is managing the sale of\u2062 assets from\u2062 over 50 affected stores. The chain has \u2064not released any\u2063 official statements about \u2063this\u2063 significant restaurant \u2064liquidation process.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<header> <a href=\"https:\/\/www.westernjournal.com\/news\/\">  News <\/a>   <span> <\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<p> <span>   By <a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/%20\"><span>Jack Davis<\/span><\/a> <\/span> <span>   May 14, 2024 at 9:08am <\/span> <\/span>  <\/header>\n<section>\n<p>Red Lobster is closing multiple locations across America and equipment and furniture at the stores is being auctioned off.<\/p>\n<p>The chain has not made an announcement, but restaurant liquidator TAGeX Brands said it was selling off kitchen equipment and supplies and furniture from more than 50 locations that are closing, according to <a href=\"https:\/\/www.businessinsider.com\/red-lobster-closing-50-locations-california-new-york-florida-2024-5\" target=\"_blank\" rel=\"noopener\">Business Insider<\/a>.<\/p>\n<p>Meanwhile, Business Insider reported, local news organizations \u201cfrom Orlando to Buffalo reported that locations had been listed as \u2018temporarily closed&#8217;\u201d on the <a href=\"https:\/\/www.redlobster.com\/seafood-restaurants\/locations\/\" target=\"_blank\" rel=\"noopener\">Red Lobster website<\/a>.<\/p>\n<p>A <a href=\"https:\/\/www.11alive.com\/article\/news\/nation-world\/red-lobster-closures-full-list-amid-bankruptcy-rumors\/507-7ae7cc63-92c5-489d-9fac-5ea766ece4a3\" target=\"_blank\" rel=\"noopener\">syndicated report<\/a> being carried across the country notes that \u201cmore than 80 Red Lobster locations in at least 27 states\u201d have been affected.<\/p>\n<p>\u201cSelect Red Lobster locations CLOSED today! Prepare for the LARGEST restaurant liquidation EVER! Fixtures, furniture, and equipment MUST GO. Auctions start NOW. SINGLE winner for each location. WINNER TAKES ALL,\u201d TAGeX Brands <a href=\"https:\/\/twitter.com\/TAGexBrands\/status\/1790094906582577439\" target=\"_blank\" rel=\"noopener\">posted on X<\/a>.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">BREAKING NEWS: Select Red Lobster locations CLOSED today! Prepare for the LARGEST restaurant liquidation EVER! Fixtures, furniture, and equipment MUST GO. Auctions start NOW. SINGLE winner for each location. WINNER TAKES ALL \u2757\ufe0f Bid at <a href=\"https:\/\/t.co\/VvjKXJqo6l\">https:\/\/t.co\/VvjKXJqo6l<\/a> <a href=\"https:\/\/t.co\/ceMSSpiHMh\">pic.twitter.com\/ceMSSpiHMh<\/a><\/p>\n<p>\u2014 TAGeX Brands (@TAGexBrands) <a href=\"https:\/\/twitter.com\/TAGexBrands\/status\/1790094906582577439?\">May 13, 2024<\/a><\/p>\n<\/blockquote>\n<p>\u201cTAGeX Brands is conducting the largest restaurant equipment auction event ever, auctioning off the contents of 50+ former Red Lobster locations across the country that were closed as part of Red Lobster\u2019s footprint rationalization,\u201d the company wrote in a statement.<\/p>\n<p>Ramon Garcia, who worked at the Red Lobster in Hamburg, New York, said he learned he no longer had a job from the cook at the Buffalo-area restaurant, according to <a href=\"https:\/\/www.wkbw.com\/news\/local-news\/happened-out-of-nowhere-red-lobster-employees-left-in-the-dark-after-closures\" target=\"_blank\" rel=\"noopener\">WKBW-TV<\/a>.<\/p>\n<p>\u201cI\u2019m getting calls after calls this morning and my boy Don called me and he\u2019s like, \u2018You should come in right now.\u2019 I\u2019m like, \u2018Why, I\u2019m off today,\u2019 and he\u2019s like, \u2018Man, you just need to come in because there\u2019s a lot of stuff going on,&#8217;\u201d Garcia said.<\/p>\n<p>Garcia said Red Lobster\u2019s corporate office said employees have three days to clean out the location.<\/p>\n<p>\u201cThis happened out of nowhere. All the people that we work with, they\u2019re losing their jobs and not knowing what to expect after that,\u201d Garcia said. \u201cIt\u2019s taking a toll on them.\u201d<\/p>\n<p>Last month, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-16\/red-lobster-mulls-filing-for-bankruptcy-to-fix-balance-sheet?sref=MTy2GeXk\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reported that the chain was considering filing for bankruptcy under Chapter 11, which allows a business to remain open while it reorganizes to deal with expenses such as debt that are putting a strain on profitability.<\/p>\n<p>Red Lobster\u2019s object would be to exit some<a href=\"https:\/\/www.westernjournal.com\/red-lobster-may-file-bankruptcy-labor-costs-skyrocket-report\/\" target=\"_blank\" rel=\"noopener\"> long-term contracts<\/a> and renegotiate some leases, Bloomberg reported, noting the chain has also been impacted by <a href=\"https:\/\/www.westernjournal.com\/subway-shrink-smallest-size-years-californias-20-minimum-wage-major-damage\/\" target=\"_blank\" rel=\"noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fiat-chrysler-to-pay-30m-settlement-linked-to-racketeering-scandal\/\" title=\"Fiat Chrysler to pay M settlement linked to racketeering scandal\">labor costs<\/a><\/a>.<\/p>\n<p>In January, Thai Union Group Plc \u2013 the chain\u2019s major shareholder with 25 percent of its stock \u2014 said <a href=\"https:\/\/www.thaiunion.com\/en\/newsroom\/press-release\/1675\/thai-union-group-announces-intention-to-pursue-exit-of-minority-investment-in-red-lobster\" target=\"_blank\" rel=\"noopener\">on its website<\/a> it was ending its investment in Red Lobster.<\/p>\n<p>\u201cThe 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,\u201d\u00a0Thai Union Group CEO Thiraphong Chansiri said.<\/p>\n<p>Red Lobster\u2019s losses led to a $19 million share loss for Union Group, the statement said.<\/p>\n<p>\u201cRed Lobster is done and over with,\u201d Chansiri said in February, according to the cooking-centric website <a href=\"https:\/\/www.delish.com\/food-news\/a60524728\/red-lobster-bankruptcy\/\" target=\"_blank\" rel=\"noopener\">Delish<\/a>.<\/p>\n<p>The website <a href=\"https:\/\/www.restaurantbusinessonline.com\/operations\/red-lobster-goes-overboard-endless-shrimp-deal\" target=\"_blank\" rel=\"noopener\">Restaurant Business<\/a> said that an all-you-can-eat shrimp deal ate into the profits as well. Red Lobster offered Ultimate Endless Shrimp as a daily menu item beginning in\u00a0 June. The deal allows customers to choose two types of shrimp and eat all they want for $20.<\/p>\n<p>Red Lobster posted an operating loss of more than $11 million in the third quarter with the deal cited as a contributing factor.<\/p>\n<hr>\n<div>\n<p><b><i>A Note from Our Deputy Managing Editor:<\/i><\/b><\/p>\n<p><i><span>I heard a chilling comment the other day: \u201cWe don\u2019t even know if an election will be held in 2024.\u201d <\/span><\/i><\/p>\n<p><i><span>That wasn\u2019t said by a conspiracy theorist or a doomsday prophet. No, former U.S. national security advisor Lt. Gen. Michael Flynn said that to the founder of The Western Journal, Floyd Brown.<\/span><\/i><\/p>\n<p><i><span>Gen. Flynn\u2019s warning means that the 2024 election is the most important election for every single living American. If we lose this one to the wealthy elites who hate us, hate God, and hate what America stands for, we can only assume that 248 years of American history and the values we hold dear to our hearts may soon vanish.<\/span><\/i><\/p>\n<p><i><span>The end game is here, and as Benjamin Franklin said, \u201cWe must all hang together, or assuredly we shall all hang separately.\u201d<\/span><\/i><\/p>\n<p><i><span>All of this means that <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>without you<\/span><\/i><\/a><i><span>, it\u2019s over. We have the platform, the journalists, and the experience to fight back hard, but Big Tech is strangling us through advertising blacklists, shadow bans, and algorithms. Did you know that we\u2019ve been blacklisted by 90% of advertisers? Without direct support from you, our readers, we can\u2019t continue the fight.<\/span><\/i><\/p>\n<p><i><span>Can we count on <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>your support<\/span><\/i><\/a><i><span>? It may not seem like much, but a <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>Western Journal Membership<\/span><\/i><\/a><i><span>  can make all the difference in the world because when you support us directly, you cut Big Tech out of the picture. They lose control. <\/span><\/i><\/p>\n<p><i><span>A monthly Western Journal Membership costs less than one coffee and breakfast sandwich each month, and it gets you access to ALL of our content \u2014 news, commentary, and premium articles. You\u2019ll experience a radically reduced number of ads, and most importantly you will be vitally supporting the fight for America\u2019s soul in 2024.<\/span><\/i><\/p>\n<p><i><span>We are literally counting on you because without our members, The Western Journal would cease to exist. Will you <\/span><\/i><a href=\"https:\/\/www.westernjournal.com\/subscribe\/?utm_source=site&#038;utm_medium=westernjournalism&#038;utm_campaign=authorpitch\"><i><span>join us<\/span><\/i><\/a><i><span>  in the fight? <\/span><\/i><\/p>\n<p><i><span>Sincerely,<\/span><\/i><\/p>\n<p><i><span>Josh Manning<\/span><\/i><\/p>\n<p><i><span>Deputy Managing Editor<\/span><\/i><\/p>\n<p><i><span>The Western Journal<\/span><\/i><\/p>\n<\/p><\/div>\n<div id=\"author-info-44685\">\n<p><a href=\"https:\/\/www.westernjournal.com\/author\/russdavis\/\">  <\/a> <\/p>\n<div>\n<p><label for=\"summary-tab-radio-44685\">Summary<\/label><label for=\"more-info-tab-radio-44685\">More<span> Biographical Information<\/span><\/label><label for=\"posts-tab-radio-44685\">Recent<span> Posts<\/span><\/label><label for=\"contact-tab-radio-44685\" onclick=\"if( typeof grecaptcha=='undefined' ) { let cap_s=document.createElement( 'script' ); cap_s.src='https:\/\/www.google.com\/recaptcha\/api.js?render=6LeJFcsUAAAAAPsIEqvB1EebWbZfqRUe6ebMpGy7'; document.body.appendChild( cap_s ); }\">Contact<\/label><\/p>\n<div>\n<p>Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-military-issues-dire-warning-about-chinas-rapid-military-nuclear-weapons-buildup\/\" title=\"U.S. Military Issues Dire Warning About China\u2019s Rapid Military, Nuclear Weapons Buildup\">military issues<\/a>.<\/p>\n<\/p><\/div>\n<div>\n<p>  Jack Davis is a freelance writer who joined The Western Journal in July 2015 and chronicled the campaign that saw President Donald Trump elected. Since then, he has written extensively for The Western Journal on the Trump administration as well as foreign policy and military issues. <br \/> Jack can be reached at jackwritings1@gmail.com. <\/p>\n<p>  Location <\/p>\n<p>  New York City <\/p>\n<p>  Languages Spoken <\/p>\n<p>  English <\/p>\n<p>  Topics of Expertise <\/p>\n<p>  Politics, Foreign Policy, Military &#038; Defense Issues <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Red Lobster announces closure of several US locations. Equipment and furniture from stores up for auction. TAGeX Brands handles sale of kitchen supplies and furniture from over 50 stores. No official statement from the chain<\/p>\n","protected":false},"author":661,"featured_media":2244287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Red-Lobster-for-May-14-2024.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2244286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/05\/Red-Lobster-for-May-14-2024.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2244286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2244286"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2244286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2244287"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2244286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2244286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2244286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}