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He bought Luby's Fuddruckers business. What's his plan for reviving the brand? expressnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expressnews.com Daily Mail and Mail on Sunday newspapers.
Luby s Cafeteria reveals timeline for closing Dallas locations Luby s Cafeteria reveals timeline for closing Dallas locations Get your Luby s fix by the end of summer. The days of LuAnn platters are drawing to a close: Luby s expects to cease most restaurant operations by the end of its fiscal year in August, according to a filing made with the Securities and Exchange Commission. The beleaguered, Texas-based cafeteria chain adopted a plan of liquidation and dissolution in November that will see the company sell off its assets including the restaurants Luby s and Fuddruckers, as well as its real estate holdings and distribute the proceeds to shareholders. Luby s estimates each share will generate $3.82 in proceeds. ....
Texas-based Luby s reveals timeline for closing every location Get your Luby s fix by the end of summer. The days of LuAnn platters are drawing to a close. Luby s expects to cease most restaurant operations by the end of its fiscal year in August, the company reports in a filing with the Securities and Exchange Commission. The beleaguered, Texas-based cafeteria chain adopted a plan of liquidation and dissolution in November that will see the company sell off its assets including the restaurants Luby s and Fuddruckers, as well as its real estate holdings and distribute the proceeds to shareholders. Luby s estimates each share will generate $3.82 in proceeds. Shares of the company s stock (NYSE: LUB) closed at $3.12 on Wednesday, February 3. ....
Wing Zone, a fast casual concept with 31 locations across the U.S. offering made-to-order chicken wings. The deal was announced early January and terms were not disclosed. The merger creates a company that attained more than $100 million in sales in 2020 in 150 markets worldwide, according to a press release. As part of the deal, Capriottiâs CEO Ashley Morris will become head of Wing Zone, which launched in 1993. Sandwich chain Capriottiâs has 115 restaurants and opened its first corporate ghost kitchens in 2020. Both brands plan to boost off-premises business in 2021. FAT Brands merged with its largest shareholder, Fog Cutter Capital, in a corporate restructuring that removes restrictions and allows the parent of ....