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Luby's

Financing

Luby's completes sale of 26 properties amid ongoing liquidation

 By Joe Guszkowski on Oct. 01, 2021

The cafeteria chain has already sold both of its restaurant brands and is still shopping its foodservice management business and remaining real estate.

Financing

Luby's sells 26 cafeteria plots for $88M

 By Peter Romeo on Sep. 07, 2021

It has also outsourced the duties of CFO and is looking to sell its lone remaining business, a foodservice management company.

Financing

Luby’s Cafeteria to be sold for $28.7M

By Jonathan Maze on Jun. 21, 2021

The 32-unit chain is to be sold to Calvin Gin for a combination of assumed liabilities and a seller’s note as the company’s liquidation continues.

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

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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