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Red Lobster closing nearly 100 U.S. locations

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The shuttered Red Lobster in Stony Brook is part of a massive liquidation of nearly 100 of the franchise’s restaurants across the country, according to multiple reports.

At least 99 locations of Red Lobster are being auctioned as a potential Chapter 11 bankruptcy filing looms for the seafood chain, NBC News reported. A restaurant liquidator, TAGeX Brands, is holding individual auctions this week for 48 of the closed locations.

TAGeX Brands’ website says the auctions are live and will end Thursday, and that each winner will receive the “entire contents of the Red Lobster location they bid on.” Red Lobster’s Stony Brook location is not listed on the auction site, but it is among the dozens and dozens of restaurants listed on Red Lobster’s website as “temporarily closed.”

Long Island’s six other Red Lobster restaurants — in Carle Place, Copiague, Deer Park, Hicksville, Ronkonkoma and Valley Stream — remain open.

Red Lobster in Stony Brook closes; chain on brink of bankruptcy

TAGeX Brands CEO & Founder Neal Sherman confirmed that each restaurant auction will have a single winner. See his LinkedIn post below:

Greater Long Island reached out to the Orlando-based chain for comment but the company had not responded by the time this story was published. There is also no one answering the phone at the decades-old Stony Brook location.

This is a developing story. Please check back with Greater Long Island for developments.

Top photo: The now-closed Red Lobster in Stony Brook (Google Maps)

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