Red Lobster closures: List of New York locations shutting down
FILE - A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024, in Rohnert Park, California. (Photo by Justin Sullivan/Getty Images)
NEW YORK - Red Lobster abruptly closed at least 48 locations across the United States – including three in New York – as the seafood restaurant chain faces financial trouble, according to a leading restaurant liquidator.
Red Lobster auction
Liquidator TAGeX Brands announced on Monday it’s holding online auctions for select Red Lobster restaurants closing in 21 states. This includes three locations in NY:
The auctions, which include fixtures, furniture, and equipment, run through Thursday.
Red Lobster did not immediately respond to a request for comment, but TAGeX Brands noted that the current Red Lobster event is "the largest restaurant equipment auction ever."
The liquidator said each auction is a "winner takes all" scenario, meaning each winning bidder will receive the entire contents of the Red Lobster location they bid on.
Red Lobster closing locations list
***List based on auction locations.
Alabama
- Auburn
- Decatur
California
- Redding
- Rohnert Park
- Sacramento
- San Diego
- Torrance
Colorado
- Denver
- Lakewood
- Lone Tree
- Wheat Ridge
Florida
- Altamonte Springs
- Gainseville
- Hialeah
- Largo
- Orlando
Georgia
- Athens
- Roswell
- Dublin
Idaho
- Lewiston
Illinois
- Bloomingdale
- Danville
Indiana
- Indianapolis
- Elkhart
Iowa
- Council Bluffs
- Waterloo
Maryland
- Gaithersburg
- Columbia
- Silver Spring
- Laurel
Michigan
- Fort Gratiot
Mississippi
- D'lberville
New Jersey
- Ledgewood
North Dakota
- Grand Forks
Oklahoma
- Lawton
South Carolina
- Myrtle Beach
Texas
- Lake Jackson
- Longview
- San Antonio
Virginia
- Colonial Heights
- Williamsburg
- Newport News
Washington
- Silverdale
Wisconsin
- Wauwatosa
- La Crosse
Who owns Red Lobster?
Red Lobster, which is owned by seafood supplier Thai Union, has reportedly been facing financial trouble.
Red Lobster reportedly considers Chapter 11 bankruptcy
Last month, it was reported that Red Lobster was considering filing for Chapter 11 bankruptcy – although the chain has not confirmed this.
The report by Bloomberg, citing people familiar with the discussions, said Red Lobster was weighing bankruptcy filing to renegotiate burdensome leases and address other long-term contracts as well as rising labor costs.
The outlet reported that the seafood restaurant chain was being advised by law firm King & Spalding on the subject, and that discussions about restructuring have been ongoing, and no final decisions have been made about a bankruptcy filing.
FILE - Red Lobster in Leesburg, Florida, on May 15, 2023. (Stephen M. Dowell/Orlando Sentinel/Tribune News Service via Getty Images)
By filing for Chapter 11 bankruptcy, the company could continue to operate while it works with creditors and investors to put in place a debt reduction plan that would allow it to head into the future on a better financial footing.
Red Lobster has more than 700 locations worldwide, according to its website.
The potential bankruptcy news came after Red Lobster’s "Ultimate Endless Shrimp" fiasco, in which the chain made the normally-limited promotion a permanent offering in June 2023.
The updated Red Lobster promotion allowed customers to enjoy unlimited servings of shrimp for just $20, including the iconic Cheddar Bay Biscuits. The affordability and appeal of the endless shrimp deal led to a significant increase in customer traffic, but not enough to offset the costs.
In November, Red Lobster disclosed substantial financial setbacks in its third-quarter financial reports, showing an operating loss of $11 million and said the losses were primarily due to the low pricing of the "Ultimate Endless Shrimp" promotion.
Kelly Hayes, with FOX Digital, helped contribute to this report.