Support Local Journalism. Join the SA Current Press Club.

Friday, February 5, 2021

Texas-based Luby’s expects to close all locations by year’s end

Posted By on Fri, Feb 5, 2021 at 11:11 AM

click image INSTAGRAM / LUBYS
  • Instagram / lubys
Fans of cafeteria-style eatery Luby’s better get their fill of square fish sooner rather than later.

Governmental filings discovered by Austin news station Fox 7 show that the beloved restaurant chain posted a $3 million loss in its first fiscal quarter, and that liquidation of the company is “imminent.”

“The likelihood is remote that we will return from liquidation,” notes from the filings state.

In June of last year, Luby’s announced its intent to sell off all assets and operations to pay outstanding debts and other obligations. In September, the board of directors of Luby’s Inc. announced a plan to liquidate and dissolve the company.

The filings state that most of the remaining restaurants “would cease operations under our ownership by the end of fiscal 2021,” speculating that a majority of Luby’s assets will be sold by December 31.

Folks looking to get their hands on one more serving of carrot and raisin salad can do so at one of nine Luby’s locations that are still open in San Antonio.

So many restaurants, so little time. Find out the latest San Antonio dining news with our Flavor Friday Newsletter.

Tags: , , , , , , , , , , , , , , , , , , ,

San Antonio Current works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of San Antonio and beyond.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep San Antonio's true free press free.

Read the Digital Print Issue

April 7, 2021

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.


© 2021 San Antonio Current

Website powered by Foundation