Luby's Inc

Luby's November 2020 announcement of liquidation ended a 74-year-old Texas cafeteria chain. The company operated 32 Luby's cafeterias and 85 Fuddruckers locations. COVID accelerated a long decline - cafeteria-style dining had been losing customers for decades. Luby's sold Fuddruckers for $18.5 million and began real estate liquidation. The company that once served a million Texans per week chose controlled liquidation over struggling continuation.