Red Lobster is closing nearly 50 locations, liquidator says
CBSN
Red Lobster is quickly closing at least 48 of its restaurants across 21 states, according to a company that helps companies liquidate restaurant equipment.
Neal Sherman, the CEO of TAGeX Brands, said in a LinkedIn post Monday that his company is helping Red Lobster. The equipment is being auctioned off and the auction ends on Thursday, Sherman said.
The store closures come as many Wall Street analyst suspect the restaurant will declare bankruptcy in coming weeks.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.