A restaurant liquidator announced this week it would be auctioning off the equipment of over 50 recently closed Red Lobster locations.
A sign is seen on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. auctioning off the equipment of over 50 Red Lobster locations
The TAGeX Brands website indicated some the equipment it will be trying to sell comes from the location in Silverdale. Those who visit the Red Lobster website and head toThe Red Lobster closures have not affected the other nine locations in the state of Washington. Restaurants in Federal Way, Kelso, Kennewick, Lynnwood, Olympia, Spokane, Tacoma, Vancouver and Yakima remain open as normal, according to the Red Lobster website.
For the first nine months of 2023, the Thailand company reported a $19 million share of loss from Red Lobster. TAGeX Brands called the liquidation “the largest restaurant equipment auction event ever.” In a statement, founder and CEO Neal Sherman said that the goal of such online auctions was to “prevent high-quality items from being discarded in landfills” and instead promote sustainable reuse.
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