Red Lobster Shutters Over 80 Locations Amid Financial Struggles

The seafood chain, facing potential bankruptcy, has closed dozens of restaurants and is auctioning off equipment.

Nearly 50 Red Lobster locations have abruptly closed across 21 states.
Florida has seen at least 10 locations shut down, including in Hialeah and Orlando.
The company is liquidating furniture, fixtures, and equipment through TAGeX Brands.
Red Lobster's financial troubles are linked to high operational costs and a costly shrimp promotion.
Thai Union, a major shareholder, is reportedly planning to divest from the chain.