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TexasTowelie

(111,304 posts)
Tue Sep 8, 2020, 11:35 PM Sep 2020

Iconic Texas Cafeteria Chain Luby's Reveals Plan to Dissolve and Close Its Locations

Say it ain't so: Texas staple Luby's may soon be no more.

On Tuesday morning, the San Antonio-born cafeteria chain said in a news release that its board of directors has "approved and adopted a plan of liquidation and dissolution ... that provides for the sale of the company's assets and distribution of the net proceeds to the company's stockholders, after which the company will be dissolved."

CultureMap Houston reports that it may be possible for the chain to find a buyer, but the more likely scenario involves the iconic chain closing its restaurants. According to its website, Luby's still operates roughly 60 Texas locations, including nine in the Alamo City.

No such closure date has been announced, but we'd recommend anyone feeling nostalgic go ahead and get in their to-go order for a Luann Platter before it's gone.

https://www.sacurrent.com/Flavor/archives/2020/09/08/iconic-texas-cafeteria-chain-lubys-reveals-plan-to-dissolve-and-close-its-locations
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Iconic Texas Cafeteria Chain Luby's Reveals Plan to Dissolve and Close Its Locations (Original Post) TexasTowelie Sep 2020 OP
I'm deeply saddened by this news jmbar2 Sep 2020 #1
Good riddance. Jirel Sep 2020 #2
Tough news for those of us who grew up on Luby's food. (nt) Paladin Sep 2020 #3
No more Luann Platter... Javaman Sep 2020 #4

jmbar2

(4,832 posts)
1. I'm deeply saddened by this news
Tue Sep 8, 2020, 11:43 PM
Sep 2020

I moved away from Texas four years ago. I loved Luby's and have missed it. Especially their fried okra.

snifff....

Jirel

(1,993 posts)
2. Good riddance.
Wed Sep 9, 2020, 01:33 AM
Sep 2020

Bye, house of crappy industrial-cafeteria food. Oh, and no thanks for destroying Fuddrucker’s a few years ago, too. Don’t let the door hit your ass on the way out of your asset sale.

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