U.S.-based Red Lobster abruptly closed more than 50 of its seafood restaurants across the country on Monday, as the company is reported to be considering Chapter 11 bankruptcy protection.
TAGeX Brands, which dubs itself the "largest restaurant equipment auction ever," announced a live auction through Thursday for the contents of more than 50 Red Lobster locations throughout the United States.
"As of today, select Red Lobster locations are closed," TAGeX Brands wrote in a post on its website, adding that it will auction off all of the contents for each location.
"These auctions are 'winner takes all' -- meaning each winner will receive the ENTIRE contents of the Red Lobster location they bid on," TAGeX Brands added.
