November 25, 2024 11:39 am
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Fuddruckers’ parent plans to liquidate restaurant company

Via Fuddruckers Facebook

By Olivia Pulsinelli | Houston Business Journal

Houston-based restaurant company Luby’s Inc. (NYSE: LUB), which also operates the Fuddruckers hamburger restaurant brand, will be liquidated and dissolved, the board of directors has decided.

Stockholders must still approve the plan, which they will vote on at a special meeting that has yet to be set, according to a Sept. 8 announcement.

The company operates a slew of diner-style restaurants in Texas under the Luby’s banner, as well as the fast-casual hamburger eatery concept, Fuddruckers. Fuddruckers has four locations in Arizona, with one each in Phoenix, Tempe, Mesa and Glendale.

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