Less than a year after the Four Seasons Restaurant opened in its new location on East 49th Street in Manhattan, it is shutting its doors. The restaurant once known for the power lunch will close after lunch service on Tuesday.

In an email statement, Alex von Bidder, the managing partner, said: “Regretfully, after nearly 60 years, the Four Seasons Restaurant will close the week of June 10th. We have been privileged to work with one of the finest culinary teams and outstanding staff that has stayed with us through some challenging times over the course of our history.”

By phone, Mr. von Bidder added that he thought the new restaurant was great, looked great and had a great team in place. “But we just couldn’t make it; the restaurant world has changed,” he said.

He said that investors had made the decision to close. “We were not doing enough business to satisfy them,” he said.