Red Lobster closing 99 restaurants; furniture and equipment auctioned off


Red Lobster struggled with a significant debt load, unfavorable lease terms, and executive turnover. 

Poor strategies including an all-you-can-eat-shrimp promotion last fall resulted in a significant loss for Red Lobster.

Red Lobster closing at least 99 locations as its future comes into question - NBC News

Red Lobster seeks a buyer as it looks to avoid bankruptcy filing - CNBC

Red Lobster closes dozens of locations nationwide - Restaurant Business


Red Lobster Auctions - TAGeX Brands