Tag Archives: Iconic cafeteria chain Luby’s is selling its restaurants and assets

HOUSTON, Texas (KTRK) — The Luby’s cafeteria chain, famous for its Lu Ann platter and comfort food, is selling its restaurants and assets. Luby’s, which started in San Antonio in 1947 announced that it is selling off all its assets and will distribute the net proceeds to stockholders after payments of debt. A press release from the company said that …

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