Red Lobster announces the closure of dozens of restaurants,
including at least one here in New Jersey.
In Ledgewood News, 12 New Jersey's Lauren Do is live
at that location.
So Lauren, what will happen there?
Yeah, well Simon, Nick. Now there is an auction so
everything inside is up for grabs and the winner gets
everything that bid right now starting at $50.00.
The Red Lobster though this morning has a printed out
sign that says we are closed.
You can see the Red Lobster here.
The CEO and founder of Tag X Brands,
Neil Sherman posted a video on his LinkedIn and it
starts off with the Red Lobster logo getting slapped with
a clothes stamp.
The CEO calling this the largest restaurant liquidation ever.
50 plus restaurants across the country are closed.
Now. The auction is open and equipment contents of select
red lobsters are up for grabs.
The winner gets all you're looking at.
Pictures. Now there's furniture, fixtures and equipment.
The auction is alive and will end periodically on Thursday
the 16th.
That's according to the website and through the site it
says everything must be picked up by end of day
Friday and perishable goods and alcohol not included.
Now reports are that this was a sudden closure.
So what you have here are many people without a
job.
This morning we'll keep you updated in Ledgewood.
Lauren Do News 12 New Jersey.