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Red Lobster is closing dozens of restaurants and auctioning off equipment
More than 50 Red Lobster locations in the U.S. have closed suddenly, potentially due to bankruptcy considerations, leading to an auction by TAGeX Brands for their contents.
TAGeX Brands is conducting what it calls the "largest restaurant equipment auction ever" for the contents of these closed Red Lobster locations.
Select Red Lobster locations are shut down, and TAGeX Brands will be auctioning off all the contents from each of these locations.