Red Lobster Closes Its Oldest Location as Part of Restructuring

Red Lobster is closing its oldest continuously operating restaurant in Tallahassee, Florida, amid ongoing financial challenges and restructuring efforts. The closure follows the chain's Chapter 11 bankruptcy filing in May 2024 and reflects continued strategic adjustments under new CEO Damola Adamolekun.

By Saman Shafiq and Kyla A Sanford, USA TODAY Tue, May 19, 2026 at 10:53 PM GMT+3 3 min read · Yahoo Finance · May 19, 2026, 19:53 UTC

Topics: Bankruptcy Restaurant Industry Restructuring

Read the full article at Yahoo Finance

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