Main Menu

Thursday, June 4th, 2020

 

Texas icon Luby’s, Fuddruckers announces intent to sell all assets and restaurant business

Another Texas icon has fallen prey to a bleak financial Coronavirus situation dealing with an America in Crisis. Luby’s Inc. announced Wednesday that is is going to sell all operating divisions and real estate assets to pay stockholders and debts after the company has struggled financially for a long time. The cafeteria-style restaurants have been a source of comfort food for Texans since the first Luby’s was opened in San Antonio more than 70 years ago. “During the sale process, certain of the Company’s restaurants will remain open to continueRead More