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Restaurant operator based in Texas, Luby's Inc., who announced that it wasget out of business Last year, due to the devastating effects of the pandemic, serves reassembly operations and should complete the dissolution of the company in June 2022. The company stops and selling locations belonging to the society of its two chains, the cafeteria of Luby and Fuddruckers, by mass.

According toNews from the Nation's restaurantLubby's is to sell some of the places of its burger chain fuddruckers to franchisees and reported only 11 locations as of April 26th. In the meantime, some 83 units of franchised fuddruckers are always operational and can be found on 25 states mainly in the south and the Midwest.

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Its cafeteria sites, on the other hand, are 100% owned by the company, which epope the end of the famous brand road for its Luann trays and other comfortable southern-style foods served for more than seven decades. According toABC13The company plans to cease most of the operations of its restaurant locations at the end of its fiscal year in August.

The company once belonged and operated the cheeseburger in Paradise Chain, the last of whichclosed in SeptemberWhile rights on its brand Roo Koo Koo Koo Roo, specialized, specialized in the Charbrate chicken, were sold to an independent third party.

When Lubby's Inc. announced in June 2020 that he was looking for buyers for all or portions of his businesses, the Company received no acceptable offer. But CEO Chris Pappassaid at the time That the dissolution path still leaves sufficient flexibility "if a convincing offer that offers a higher value is made", which has allowed the possibility that the cafeteria and the fudductuous of Luby can always be saved by a buyer.

A month later, it was revealed that Pappas itself can be the savior for chains. The executiveentered a confidential agreement With Luby's to examine the following financial financial and rumors turn potentially bought the company in partnership with his brother Harris Pappas. However, the agreement has never finished a reality, and Chris Pappasresigned As CEO in February. It remains the largest shareholder of the company.

For more information on troubled restoration brands, checkThis rapidly growing burger chain is close to the disappearanceAnd do not forget toSubscribe to our newsletterTo get the latest news from the restaurant delivered directly to your inbox.