Luby’s and Fuddruckers restaurants in Dallas-Fort Worth are expected to close by August. A recent filing with the Securities and Exchange Commission says “liquidation is imminent.”
If this sounds familiar, that’s because the board of directors for Luby’s Inc. approved a plan to liquidate both restaurants last year, but that decision did not yet guarantee a shuttering of all brands. A few weeks later, in late-September 2020, Texas brothers Chris and Harris Pappas filed paperwork with the SEC to evaluate whether they should purchase Luby’s Inc., and it was potentially a way for the storied restaurant family to save the company from extinction.