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Several months in its liquidation procedure, the parent company ofLuby's cafeteria and Fuddruckers chains managed to sell its iconic brand Best Burger at an affiliated company of its greatest franchisee. Thanks to the redemption, the survival of the Fuddruckers brand has become safer because the chain will now work under the new property.

According toRestaurant BusinessLubby's Inc. announced a $ 18.5 million redemption offer with Titan Black franchise systems, which already has 13 Fuddruckers and plans to acquire two more. The new owner also acquires a masterGlobal Property of the brand Fuddruckers, which will allow him to develop national and international franchise companies. Fuddruckers currently has 92 sites across the United States and opportunities are good for most of these locations will remain open to businesses.

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"As a franchise franchise Fuddruckers, I have a direct interest in ensuring that all franchisees in Fuddruckers have the resources, infrastructure and operational and marketing support they need to maximize their return on investment" , said Nicholas Perkins Nicholas Perkins of Nicholas Titan Nicholas Perkins in a statement.

Lubby's Inc. said it will keep five Fuddruckers autonomous restaurants, as well as four combined places that host Luby's cafeterias. The company is always looking for buyers for Lubby's Cafeteria and Luby cafeteria contract companies.

In September of last year, Texas, Luby's Inc., announced that it would beliquidate the company and sell its real estate and other assets After failing to generate offers for all or parts of its operations that would reimburse its debts. While the company has maintained it would be flexible to offer offers for all future buyers, some of the most serious predictions for the future of its two suggested channels could end up beingretired for good.

While the dissolution of Luby's Inc. is alwaysDefined for finalization by June 2022Fuddruckers can continue to enjoy the "biggest burgers in the world".

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