Red Lobster to Shutdown Its Oldest Location After Company's Financial Struggles
The closure ends 56 years of service as Red Lobster trims its footprint after Chapter 11 bankruptcy and $11 million in quarterly losses.
- On Sunday, May 24, the Red Lobster on North Monroe Street in Tallahassee will permanently close, ending 56 years of continuous operation at the chain's longest-serving location.
- Red Lobster filed for Chapter 11 bankruptcy in May 2024, driven partly by a $20 'Endless Shrimp' miscalculation that caused an estimated $19 million loss and forced a 20% menu reduction.
- Head grillmaster Horace Williams worked at the location for over four decades, often cooking 150 meals daily; when the restaurant first opened in 1970, a steak and lobster platter cost $3.55.
- Red Lobster CEO Damola Adamolekun stated in February the chain 'needed to get smaller,' while a spokesperson emphasized the company remains 'committed to delivering great seafood experiences' where demand is strongest.
- With $60 million from investors, Red Lobster continues its full revamp; currently about 480 locations remain as Adamolekun works to repair the 'very damaged brand,' though he acknowledges work remains.
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13 Articles
The oldest Red Lobster location is closing after 56 years
One Florida slinger of shellfish is turning off its grill for the last time. The oldest continuously operating Red Lobster seafood restaurant — located in Tallahassee, Florida — will officially close on May 24. The news was first reported by the Tallahassee Democrat. In 2024, 17 Florida Red Lobsters closed across the country, but Tallahassee remained open. Red Lobster CEO Damola Adamolekun told The Wall Street Journal in February that the chain …
Beloved Restaurant Chain 'Red Lobster' To Close Oldest Operating Location After 56 Years in Attempt To Regain Financial Stability
Red Lobster will close its oldest Tallahassee restaurant after 56 years, part of broader post-bankruptcy cost-cutting efforts aimed at restoring the seafood chain's financial stability.
Red Lobster Is Closing Its Oldest Restaurant: Which Location Is It and When Will It Close?
Photo: Red Lobster Red Lobster continues to make adjustments to its operations across the United States, and one of the company’s biggest changes will affect one of its historic locations. The seafood chain confirmed that its oldest continuously operating restaurant will soon close, as the company continues implementing financial and operational measures following its bankruptcy process and corporate restructuring. Here’s everything we know so f…
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