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Red Lobster puts restaurants in Council Bluffs, Waterloo up for auction

News

May 15th, 2024 by Ric Hanson

(Radio Iowa) – Red Lobster shut down more than 50 of its restaurants and is putting them up for auction, and the auctions are billed as containing “the entire contents” of the closed eateries. TAGeX Brands, a company that helps firms with closures and liquidations, says all of the auctions are now live. Included among the Red Lobsters which closed are those in Council Bluffs and Waterloo.

The auctions come after the chain announced last month it was considering filing for bankruptcy. The chain still has Iowa locations in Ames, Cedar Rapids, Coralville, Davenport, Des Moines and Sioux City.