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Fuddruckers

Financing

Franchisees start buying up brands

 By Jonathan Maze on Jul. 01, 2021

Large franchisees have scooped up Fuddruckers, Au Bon Pain and now Taco Cabana in recent days. But owning a brand is quite different, says RB’s The Bottom Line.

Financing

Luby's sells Fuddruckers to a franchisee for an estimated $18.5M

 By Peter Romeo on Jun. 17, 2021

The buyer is a newly formed affiliate of Nicholas Perkins, an operator of 13 Fuddruckers units and a contract management company.

Leadership

Chris Pappas steps down as Luby's CEO

By Peter Romeo on Feb. 03, 2021

He was succeeded on an interim basis by John Garilli, a liquidation specialist and real estate dealmaker.

Financing

Luby's sells most of its Fuddrucker's to a franchisee

By Peter Romeo on Dec. 16, 2020

13 of the remaining 24 unit were sold to an affiliate of the contract management company Perkins Management Services

Financing

Chris Pappas weighs making a bid for Luby's

By Peter Romeo on Sep. 21, 2020

Securities documents show that no offer has yet been made, but due diligence is underway.

Financing

Finding no acceptable offers for the business, Luby's decides to liquidate

By Peter Romeo on Sep. 08, 2020

The operator of Fuddruckers and Luby's Cafeteria will sell off its assets in pieces and then dissolve.

Financing

How Luby's turned a profit at its restaurants during the pandemic

By Jonathan Maze on Jul. 21, 2020

Sales and profits plunged last quarter and many restaurants remain closed, but cost cuts led to improved margins at open locations.

Operations

Luby’s closes 35 more restaurants, cuts majority of HQ staff

By Peter Romeo on Mar. 24, 2020

The salaries of the remaining home-office employees have been cut 50%.

Financing

Luby’s slips deeper into the red

By Peter Romeo on Feb. 03, 2020

The diversified restaurant company posted a net loss for its Q1 despite rises in traffic and sales.

Financing

Luby’s losses deepen to $9.1M for Q4

By Peter Romeo on Nov. 26, 2019

The company posted a decline in comps on a drop in traffic for all three of its restaurant brands and announced an outsourcing of several headquarters functions.

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