Torrance Red Lobster restaurant among locations shuttering across country

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By Yosi Yahoudai
Founder and Managing Partner

After the closures of dozens of Red Lobster locations were announced, it was revealed Tuesday the Torrance restaurant was among those shuttering the doors.

A web page dedicated to the liquidations showed an internet auction was underway to sell kitchen equipment, restaurant furniture and others from the  LA County location on Hawthorne Boulevard. 

The firm that’s leading the auction appears to be expediting the process of eliminating items from the Torrance location with the online auction only lasting through Thursday afternoon.

Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, had announced in a post Monday on LinkedIn that he was leading the closure of more than 50 Red Lobster locations, with the restaurants’ equipment to be auctioned off. 

Then on Tuesday, Restaurant Business Magazine reported 99 locations were closing.

The closures represent about 15% of the company’s approximately 700 locations, though it remains the largest seafood restaurant chain in the U.S.

Red Lobster has struggled with a significant debt load, unfavorable lease terms, executive turnover and ill-advised strategies including an all-you-can-eat-shrimp promotion last fall that resulted in a significant loss for the company.

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About the Author
Yosi Yahoudai is a founder and the managing partner of J&Y. His practice is comprised primarily of cases involving automobile and motorcycle accidents, but he also represents people in premises liability lawsuits, including suits alleging dangerous conditions of public property, third-party criminal conduct, and intentional torts. He also has expertise in cases involving product defects, dog bites, elder abuse, and sexual assault. He earned his Bachelor of Arts from the University of California and is admitted to practice in all California State Courts, and the United States District Court for the Southern District of California. If you have any questions about this article, you can contact Yosi by clicking here.

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