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Purple Lobster is closing its Occasions Sq. restaurant after greater than 20 years in one of many world’s busiest vacationer locations.
The restaurant, positioned at 5 Occasions Sq., is scheduled to shut June 14, ending a high-profile presence the seafood chain has maintained within the coronary heart of Manhattan since 2003.
“Occasions Sq. has been an essential chapter in Purple Lobster’s historical past, and this was a tough resolution,” the corporate stated in an announcement.
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Purple Lobster stated in depth and extended building on the constructing has considerably impacted entry, visibility and foot visitors on the restaurant. The corporate additionally cited the property’s deliberate conversion to residential use, saying continued operations on the location had been now not viable.
The Purple Lobster restaurant in Occasions Sq. is scheduled to shut on June 14. (Craig T Fruchtman/Getty Pictures)
“We’re grateful to the workforce members and company who’ve made this restaurant particular through the years,” the corporate stated.
The closure comes as Purple Lobster continues efforts to rebuild the enterprise after rising from Chapter 11 chapter safety in 2024. The seafood chain filed for chapter in Might of that 12 months after closing dozens of eating places nationwide amid mounting monetary pressures.
The Purple Lobster restaurant has been positioned in Occasions Sq. for greater than 20 years. (Alexi Rosenfeld/Getty Pictures)
A chapter courtroom later accepted the corporate’s reorganization plan, permitting Purple Lobster to exit Chapter 11 beneath new possession backed by Fortress Funding Group. On the time, the corporate stated it might proceed working as an unbiased firm with 544 places throughout 44 states and 4 Canadian provinces.
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As a part of the restructuring, RL Investor Holdings LLC, an entity backed by Fortress Funding Group, acquired the corporate. Damola Adamolekun took over as CEO following the reorganization and has led efforts to revive the long-lasting seafood chain.
Purple Lobster has not indicated that the Occasions Sq. closure is a part of a broader spherical of restaurant shutdowns.
Individuals stroll by way of Occasions Sq. in New York Metropolis. (Craig T Fruchtman/Getty Pictures)
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The Occasions Sq. restaurant has occupied a distinguished nook location at forty first Avenue and Seventh Avenue since 2003, serving vacationers and theatergoers visiting the world.
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Purple Lobster stated all affected staff might be provided the chance to switch to a different firm location and can obtain further pay to help them by way of the transition.
