This was announced last month. I missed the announcement; only saw it this weekend. From CNN:
Luby's, known for its namesake cafeterias that sell comfort food and the burger chain Fuddruckers, is planning to put its restaurants up for sale.
Members of the company's board announced on Tuesday (early September, 2020) a plan to liquidate, which includes selling assets and real estate and returning cash to shareholders.
Luby's Cafeteria dates back to 1947. The Texas chain serves comfort food, including chicken fried steak, roast chicken and ribeyes. Fuddruckers specializes in hamburgers.
Both restaurants have suffered during the pandemic: At Luby's, restaurant sales fell 75% in the quarter ending June 3 compared to the same period last year. At Fuddruckers, sales fell nearly 91%.
The bigger story: I doubt they are the only restaurants that are struggling to this degree.
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Oxygene
It's too bad that this will be "yanked" off the blog in a very short time.
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