Latest & Breaking News on Fox News
NEWYou can now listen to Fox News articles!
A Red Lobster restaurant touted as the chain’s oldest continuously operating location will shut after more than half a century.
Red Lobster confirmed to Fox News Digital that its restaurant on North Monroe Street in Tallahassee, FL will be closing. Its last day is May 24.
“This restaurant holds a special place in Red Lobster’s history and has been a meaningful part of the community for decades,” Red Lobster said in a statement.
RED LOBSTER’S PUSH FOR CHEAP DEALS MAY BE BACKFIRING, SAY EXPERTS, AS LOSSES PILE UP
“As part of the normal course of business, Red Lobster continuously evaluates restaurant performance and lease terms and may, from time to time, choose to close or relocate select restaurants. This decision reflects individual business circumstances specific to this location.”
“We hate to see it shut,” the acting general manager of the restaurant told Fox News, adding that they employ “a fantastic crew.”
Red Lobster said that the company is grateful to the guests and team members who have supported the Tallahassee location over the years.
CLICK HERE FOR MORE LIFESTYLE STORIES
Red Lobster closed dozens of locations nationwide before filing for Chapter 11 bankruptcy in May 2024. Many sources have cited the company’s decision to make its famous Endless Shrimp promotion a permanent offering as the reason for the company’s financial troubles.
TEST YOURSELF WITH OUR LATEST LIFESTYLE QUIZ
The company was also dealing with “the fallout from a 2014 move that sold off ownership of the chain’s real estate and saddled the company with lease payments,” Fox Business reported.
Red Lobster itself acknowledge the $20 all-you-can-eat deal “creates a lot of chaos operationally,” Fox News reported.
RL Investor Holdings LLC acquired Red Lobster in 2024 when it emerged from bankruptcy protection. Damola Adamolekun, former CEO of P.F. Chang’s, became Red Lobster’s new CEO.
CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER
He told the Wall Street Journal earlier this year that the seafood chain’s new owners “inherited a very damaged brand” and would be streamlining operations.
Under Adamolekun’s leadership, Red Lobster introduced a revamped menu, including new dishes such as lobster pappardelle pasta, bacon-wrapped sea scallops, lobster bisque and lemon basil mahi.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Last month, Endless Shrimp returned to select Red Lobster locations, but Adamolekun made it clear in a statement to Fox13 the promotion would be for a limited time only.
wp:paragraph
هلدینگ کاسپین استانبول | خرید ملک در ترکیه | صرافی معتبر ایرانی در ترکیه | خرید و فروش طلا در ترکیه | مهاجرت به ترکیه | واردات و صادرات در ترکیه | نیازمندیهای ترکیه | اخبار ترکیه | اخبار جهانی | توریست ایران | خدمات توریستی در ایران | تورهای گردشگری ایران | هلدینگ اول | خدمات کاریابی و فریلنسری و شغل | مرجع اطلاعات ایران (همه چیز در ایران) | کیف پول و خدمات مالی و پرداخت یار | اخبار ایران | تابلو زنده قیمت ارز در ترکیه و استانبول | صرافی آنلاین ترکیه | قیمت طلا و نقره در ترکیه | سرمایه گذاری در ترکیه | جواهرات در ترکیه | نرخ لحظه ای ارزها در استانبول | قیمت دلار امروز در ترکیه | قیمت دلار استانبول امروز | قیمت لحظه ای دلار | اخبار روز ترکیه استانبول | اپلیکیشن ISTEX | اپلیکیشن قیمت لحظه ای دلار و یورو و لیر و ارزها در ترکیه
/wp:paragraph wp:paragraph /wp:paragraph
About the Author
