Two well-known Manhattan restaurants, Rue 57 and Ethiopian Queen of Sheba, are closing amid rising operational costs, inflation, and challenging market conditions. Rue 57, a staple for 25 years, closed its doors earlier this month after its lease wasn't renewed, impacting around 60 employees. Conversely, Ethiopian Queen of Sheba is expected to close by late April. The closures signify a significant trend affecting New York's dining scene as eateries struggle with financial sustainability in the wake of the pandemic and increasing costs for goods, rents, and tariffs.
Rue 57's lease was not renewed, causing its closure after 25 years, amid rising costs impacting many New York restaurants.
The pandemic significantly impacted local dining, and Rue 57 was recognized for accommodating outdoor dining during restrictions.
Unfortunately, inflation and higher costs for goods and rent are contributing to the closures of long-standing restaurants in New York.
Ethiopian Queen of Sheba in Hell's Kitchen follows Rue 57 in closing, indicating a broader trend for beloved NYC eateries.
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