Luby s restaurants to close by August KHOU 11 Staff, Grace White
Luby s, Fuddruckers restaurants to close by August
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Luby s and its Fuddruckers restaurants are closing their remaining restaurants by August.
The Dallas Morning News reports Chris Pappas, who operates Houston-based Pappas restaurants, has resigned as CEA and president of Luby s Inc.
Luby s has about a dozen Houston restaurants operating currently.
Back in September, the Luby s Inc. board members voted to liquidate and dissolve the company s businesses, operations, and real estate and institute an orderly wind down of any remaining operations, the company announced in a press release.
In June, the Houston-based company announced it would immediately pursue the sale of its operating divisions and assets, including its real estate assets, and distribute the net proceeds to stockholders after payment of debt and other obligations.