In The News


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Red Lobster Is Abruptly Closing Dozens Of Restaurants

Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster restaurant inventory, including kitchen equipment, furniture, tables and chairs.

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Environmental Connections

This exploration uncovers mavericks within the food industry who are pioneering sustainable practices. The focus is on these trailblazers who are revolutionizing the industry through initiatives such as recycling restaurant equipment, introducing sustainable packaging solutions, and prioritizing local sourcing and

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The 9 Best Liquidation Auction Sites of 2024

Thanks, @lifewiretech, for ranking RestaurantEquipment.Bid as the #1 Restaurant Liquidation Auction marketplace in their list of the 9 Best Liquidation Auction Sites for Businesses in 2024!⁠ Here’s what they had to say about our company, RestaurantEquipment.Bid:⁠ “Making it in the

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Lawry’s Chicago Closes After 46 years

WGN9: Chicago’s old favorite announced in 2020 that it will permanently close due to the pandemic, recent social unrest in the city and because the lease was up. RestaurantEquipment.Bid allows business owners to minimize their expenses on restaurant equipment, smallwares, furniture and fixtures.

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Taco Bueno Closes 12 Locations In Texas And Oklahoma

VERDICT FOOD SERVICE: Fast food restaurant chain Taco Bueno has closed 12 locations in Texas and Oklahoma to position the brand for future growth., an affiliate of TAGeX Brands, is currently in the process of selling Taco Bueno’s assets through an online auction.

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Yale Launches Online Auctions To Empty Commons For Renovation

YALE UNIVERSITY: After receiving a $150 million donation from Blackstone co-founder and Yale alumnus, Stephen A. Schwarzman, Yale University plans to create a world-class campus center by renovating the historic Commons and Memorial Hall. But before that happens, Yale is tasked with removing and finding a new home for the furniture, fixtures, appliances, and kitchen equipment from the first two floors of the building.

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Spaghetti Warehouse Is Auctioning Off Items From Downtown Memphis Building

LOCAL MEMPHIS: The​ ​Spaghetti​ ​Warehouse​ ​in​ ​Memphis​ ​announced​ ​on​ ​November​ ​6​ ​that​ ​it​ ​would​ ​be​ ​closing​ ​its​ ​doors​ ​for business,​ ​with​ ​their​ ​final​ ​day​ ​of​ ​service​ ​being​ ​Sunday,​ ​November​ ​19.​ ​Now,​ ​the​ ​restaurant​ ​is​ ​inviting people​ ​to​ ​take​ ​a​ ​piece​ ​of​ ​the​ ​restaurant​ ​home​ ​with​ ​them​ ​in​ ​their​ ​online​ ​auction.

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5 Takeaways from the Restaurant Finance & Development Conference

NATION’S RESTAURANT NEWS: Restaurants are facing sales and cost challenges, bankruptcies, and store closures, even as immense interest in the sector from private equity and other investors drives up prices. The result is more closures. Companies such as TAGeX specialize in taking the equipment from those closed locations to sell them on the aftermarket. 

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TAGeX Brands President Neal Sherman Inducted Into CIA Fellows

CULINARY INSTITUTE OF AMERICA: Neal Sherman, President of TAGeX Brands, a company that handles facility transitions and equipment liquidation in the restaurant industry, has recently been inducted into The Society of Fellows at the Culinary Institute of America (CIA), a position held by only 250 people in the world.

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