Red Lobster is closing dozens of restaurants and auctioning off equipment

(NEXSTAR) -- Red Lobster is reportedly shuttering at least 48 of its locations, and a restaurant supply liquidator is auctioning off kitchen equipment from the impacted eateries this week.

TAGeX Brands announced on Monday that it's conducting the online auction through Thursday, May 16, for select Red Lobster restaurants closing in multiple states. Most notably, California and Florida are losing five locations each, while Maryland and Colorado are losing four.

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