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{{Short description|American restaurant operator (company)}}
'''Luby's''' is a ]-style ] chain located in the southern ] in ], ], ], ], and ]. The "Lu Ann Platter" is a popular combination platter served at this cafeteria chain. The dish is a half portion entree with vegetables. This plate was the inspiration for the character name ] from the animated Texas comedy, ]. The resturant headquarters is currently located in ], it moved from ] in ].
{{Infobox company
| name = Luby’s Restaurant Corporation
| trade_name = Luby's
| logo = Luby's_logo.svg
| fate = Acquired by Calvin Gin
| type = ]
| foundation = {{start date and age|1947}} (as Luby's Cafeterias, Inc.)<br />], ], U.S.
| former_name = {{Unbulleted list|Luby's Cafeterias, Inc.<br/>(1947–1959; 1981–2005)|Cafeterias, Inc.<br/>(1959–1981)|Lubys, Inc.<br/>(2005–2022)}}
| founder = Robert M. "Bob" Luby
| location = ], Texas, U.S.
| key_people = {{Unbulleted list|Christopher J. Pappas (president and ])|K. Scott Gray (Senior vice-president and ])|Todd Coutee (])|B. Todd Coutee (Senior vice-president of operations)}}
| industry = ] ]
| num_employees = 6133 (2019)
| revenue = {{decrease}} US$323.47&nbsp;million (2019)
| net_income = {{increase}} −US$15.226&nbsp;million (2019)
| products = Homestyle food, cafeteria, American
| owner = ]
| parent = Flying Food Group
| subsid = ] (defunct)<br />] (defunct)<br />] (2011–2020)
⚫ | homepage =
}}
'''Luby’s Restaurant Corporation''' is a chain of ]-style restaurants in Texas. In the past, Luby's Inc. also owned the ], ], and ] restaurant chains.


As of April 2024, the company operates 38 locations in ]. Its headquarters is in the ] district of ], ].<!--Cited in headquarters--> The original location was founded in 1947 in ], Texas, by Robert Luby (1910–1998).
A ] occurred at a Luby's restaurant in ], ] on ], ] when George Hennard gunned down 24 people. This location was later reopened after cleanup, but it was later closed for good on ], ]. It has not been positively determined whether the Killeen location's closing was due in part to the stigma surrounding it after the incident, or simply the result of the overall financial problems of the Luby's chain. That resturant is now an ].


Luby's Culinary Services provides contract food-service management to 18 healthcare, higher education, and corporate dining locations, such as ], ], and formerly, ], which ended its relationship with Luby's in March 2015.<ref>{{cite news|last=Wollam|first=Allison|title=Luby's cooks up Lone Star College deal|url=http://www.bizjournals.com/houston/stories/2010/01/18/daily13.html|publisher=Houston Business Journal|access-date=24 June 2011|date=January 19, 2010}}</ref><ref>{{Cite web|url=http://www.lubyscs.com/|title=Luby's Culinary Services|website=lubyscs.com}}</ref><ref>{{cite news|title=Luby's Opens New Dining Facility at Baylor College of Medicine|url=http://www.redorbit.com/news/health/1038921/lubys_opens_new_dining_facility_at_baylor_college_of_medicine/index.html#|access-date=24 June 2011|newspaper=Red Orbit|date=August 20, 2007}}</ref>
⚫ == External links ==
⚫ *


==History==
⚫ ]
] and in ], 2011]]


Bob Luby’s father, Harry, opened his first cafeteria called the New England Dairy Lunch in 1911, after a business trip in ]. By the time Bob was 40, he became successful, with his cafeterias spreading several states, and retired to pass the business to his son. Bob worked many jobs in the cafeteria industry before founding Luby’s. After graduating from the ], he ran cafeterias in ] and ]. He moved back to Texas after a satisfied customer, Georgina Wenglein and her husband convinced him. Bob opened his first Luby's Cafeteria in 1947, focusing on fresh food and ].<ref name=":0">{{Cite web|last=Hlavaty|first=Craig|date=2018-09-19|title=The story of how Luby's became a Texas comfort food staple|url=https://www.houstonchronicle.com/life/food/article/The-story-of-how-Luby-s-became-a-Texas-staple-12499448.php|access-date=2020-09-01|website=HoustonChronicle.com|language=en-US}}</ref> Luby's soon expanded outside of San Antonio to ], ], ], and ].{{cn|date=May 2023}}


In 1959, the original partners formed Cafeterias, Inc. Luby's continued to expand, entering other Texas cities and locations in contiguous states.{{cn|date=May 2023}} Luby's entered Houston for the first time when it opened Romana Cafeteria in 1965.{{cn|date=May 2023}} Locations opened in ] in 1966 and in ] in 1980.{{cn|date=May 2023}}
{{restaurant-stub}}

In 1973, Cafeterias, Inc., became a ].<ref name=":0" /> To honor Bob Luby, Cafeterias, Inc., was renamed Luby's Cafeterias, Inc., in 1981. One year later, Luby's shares were listed on the ]. By 1987, Luby's had reached 100 locations.{{citation needed|date=June 2020}}.

The company operated in 11 states in 1996, having over 200 restaurants at that time.<ref name=Valdez>{{cite web|author=Valdez, Andrea|url=https://www.texasobserver.org/a-chain-reaction/|title=A Chain Reaction|newspaper=]|date=2019-11-25|access-date=2020-06-21}}</ref>

In 2001, Chris and Harris ] of Houston's ] (owners of Pappasito's Cantina, Pappadeaux Seafood Kitchen, etc.) joined the Luby's management team. Three years later, Luby's moved its corporate headquarters from San Antonio to Houston.<ref>{{cite news|last=Aldridge|first=James|title=San Antonio Business Journal|url=http://www.bizjournals.com/sanantonio/stories/2004/07/12/daily33.html|publisher=San Antonio Business Journal|access-date=24 June 2011|date=July 16, 2004}}</ref> The addition of the Pappas management team saw several Luby's restaurants begin to transition from traditional cafeteria-style establishments to hybrid cafeteria/fine dining.<ref>{{cite news|last=Wollam|first=Allison|title=Luby's to dish out new design with Post Oak remodel|url=http://www.bizjournals.com/houston/stories/2006/12/04/story5.html|publisher=Houston Business Journal|date=December 3, 2006}}</ref>

Luby's celebrated its 60th anniversary in December 2006 with publishing ''Luby’s Recipes & Memories: A Collection of our Favorite Dishes and Heartwarming Stories''.<ref>{{cite web|last=Oelrich|first=Shannon|title=Where Texans Go To Eat|url=http://www.texascooppower.com/texas-stories/food/where-texans-go-to-eat|publisher=Texas Co-op Power|access-date=24 June 2011}}</ref> In 2008, Luby's published a special edition of the cookbook that included 12 additional recipes.<ref>{{cite web|title=Luby's Cafeteria Recipes|url=http://www.food.com/cookbook/lubys-cafeteria-80013|publisher=Food.com|access-date=24 June 2011}}</ref>

In 2009, due to the economic recession, Luby's closed 25 stores and laid off staff as a cost-cutting measure.<ref>"." '']''. Monday November 16, 2009. Retrieved on February 26, 2010.</ref> In 2010, Luby's Culinary Services introduced "What's Brewing?", a coffeehouse concept store in ].<ref>"." '']''. Thursday March 18, 2010.</ref> The same year, on June 18, Luby's announced it was buying ] and Koo Koo Roo for $61 million after parent company ] went bankrupt.<ref>{{cite news|title=UPDATE 1-Luby's buys Fuddruckers for $61 million|url=https://www.reuters.com/article/fuddruckers-lubys-idUSN1816499820100618|access-date=24 June 2011|newspaper=Reuters|first=Lisa|last=Baertlein|date=June 18, 2010}}</ref> On June 13, 2011, Luby's opened its first company-owned Fuddruckers restaurant in ].{{citation needed|date=June 2020}} In 2013, Luby's acquired ].

In August 2015, 93 Luby's were operating, and this declined to 78 in 2019. Technomic consumer insights senior manager Robert Byrne stated that the ] restaurants reduced Luby's market share.<ref name=Valdez/>

During the 2020 ], Luby's, Inc. furloughed more than half of its corporate staff and cut the pay of remaining salaried employees by 50%. Luby's Inc also applied for and received a loan of US$10 million as part of the ].<ref>{{cite web |last1=Pulsinelli |first1=Olivia |title=Luby's receives PPP loan, delisting warning |url=https://www.bizjournals.com/houston/news/2020/04/24/lubys-receives-ppp-loan-delisting-warning.html |work=Houston Business Journal |access-date=28 April 2020}}</ref>

===Sale of Fuddruckers and acquisition by Calvin Gin===
On June 3, 2020, Luby's board of directors announced plans to sell all its operating divisions and assets, including real estate assets.<ref>{{cite web|title=Luby's Announces it will Pursue Sale of its Operations and Assets and Distribute Net Proceeds to Stockholders|url=http://www.lubysinc.com/investors/news/files/LubysPressRelease-6-3-2020-Final.pdf|publisher=Luby's|access-date=7 June 2020}}</ref> This decision was influenced in part by circumstances surrounding the COVID-19 pandemic. Net proceeds from transactions were to benefit Luby's stockholders. The company did not have a definitive timeline for future transactions, but expected to eventually wind down remaining operations.

On September 8, 2020, Luby's further announced it has adopted a plan to ] all of its existing assets, as opposed to operating in the current form or merely selling off divisions.<ref>{{cite web|url=https://news4sanantonio.com/news/local/lubys-announces-plans-to-liquidate-dissolve-company |title=Loyal customers saddened as Luby's announces plans to dissolve company |quote="This Plan of Liquidation is the next logical step in the Company's previously announced plan to maximize value of the Company through the sale of its operations and assets," Gerald Bodzy and Randolph Read, co-chairmen of the special committee responsible for the decision, said in a statement. "Our stockholders have expressed their support for seeking alternatives to continuing to operate the Company's restaurants in their current form, and we believe the Plan of Liquidation will allow the Company to accomplish that task in the most efficient manner." |last=Price |first=Robert |date=September 8, 2020 |work=] |access-date=September 8, 2020}}</ref><ref>{{cite web|url=https://www.texasmonthly.com/the-culture/lubys-liquidating-assets-dissolving-company/ |last=Solomon |first=Dan |date=September 8, 2020 |title=Luby's Is Liquidating Its Assets and Dissolving the Company |work=] |access-date=September 9, 2020}}</ref>

As of September 11, 2020, 80 Luby's and Fuddruckers were still in operation.<ref>{{cite web|url=https://www.chron.com/food/article/Luby-s-executive-assures-fans-that-the-Texas-icon-15559453.php |last=Rosenthal |first=Abigail |date=September 11, 2020 |title=Luby's executive assures fans that the Texas icon is still open |work=] |access-date=October 3, 2020}}</ref>
About 99% of Luby's stockholders voted for dissolution in November 2020.<ref>{{cite web|last=Drane|first=Amanda|url=https://www.houstonchronicle.com/business/article/Luby-s-shareholders-approve-liquidation-15734747.php|title=Luby's shareholders vote overwhelmingly in favor of liquidation, dissolving the business|newspaper=]|date=2020-11-17|access-date=2020-11-22}}</ref>

On June 21, 2021, Calvin Gin, founder of Flying Food Group, agreed to buy 32 Luby's locations for $28.7 million, a week after Nicholas Perkins of North Carolina agreed to buy Luby's Fuddruckers brand for $18.5 million.<ref>{{cite news |url=https://www.houstonchronicle.com/business/article/lubys-32-texas-locations-restaurants-food-16262553.php |title=Luby's to sell 32 cafeteria locations around Texas for $28.7 million, signaling afterlife for icon |first=Amanda |last=Drane |date=June 21, 2021 |newspaper=]}}</ref> Prior to the announcement of Gin's acquisition, Luby's had planned to close all locations by August 2021.<ref>{{Cite web|title=Texas' beloved Luby's Cafeteria chain reveals timeline for shuttering all remaining locations|url=https://houston.culturemap.com/news/restaurants-bars/02-03-21-lubys-cafeteria-restaurant-fuddruckers-closing-liquidation/|website=CultureMap Houston|language=en}}</ref>

==Headquarters==
In July 2004, Luby's announced that it would move its headquarters from ] to Houston, where ] has its headquarters. At that time Luby's did not yet state to where it would be moving; the company stated that it would most likely move to a suburb in ]; 80 jobs were transferred to Houston.<ref>Athavaley, Anjali. "." {{Webarchive|url=https://web.archive.org/web/20110604121341/http://www.chron.com/CDA/archives/archive.mpl?id=2004_3782090 |date=2011-06-04 }} '']''. Saturday July 17, 2004. Business 1. Retrieved on February 26, 2010.</ref><ref>Aldridge, James. "." '']''. Friday July 16, 2004. Retrieved on February 26, 2010.</ref> Luby's has its headquarters in Suite 600 of the 13111 ] building in the Near Northwest district in Houston.<ref>" {{webarchive|url=https://web.archive.org/web/20110714162355/http://www.nearnorthwestdistrict.com/Uploads/area_map.gif |date=2011-07-14 }}." ]. Retrieved on February 8, 2011.</ref><ref>"." Luby's. Retrieved on February 8, 2011. "Office 13111 Northwest Freeway, Suite 600 Houston, Texas 77040."</ref>

==In media==
The LuAnn Platter, a popular combination platter served at Luby's, inspired the name of the character ] on the animated television series '']''.<ref name="PorterfieldPorterfield2015">{{cite book|author1=Anita Belles Porterfield|author2=John Porterfield|title=Death on Base: The Fort Hood Massacre|url=https://books.google.com/books?id=aTxdCQAAQBAJ&pg=PA19|date=15 May 2015|publisher=University of North Texas Press|isbn=978-1-57441-596-4|pages=19–}}</ref> The cafeteria itself is characterized as "Luly's" on the show.<ref>{{Cite web|url=https://www.texasmonthly.com/articles/hill-bent/|title=Hill Bent|date=February 1, 1997|website=Texas Monthly}}</ref>

==References==
{{Reflist}}

⚫ ==External links==
{{Portal|Companies|Food|Texas}}
*
*
*
* Business data for&nbsp;Luby's:&nbsp; | | |

{{Restaurants in Houston}}
{{Authority control}}

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Latest revision as of 17:08, 20 November 2024

American restaurant operator (company)
Luby’s Restaurant Corporation
Trade nameLuby's
Formerly
  • Luby's Cafeterias, Inc.
    (1947–1959; 1981–2005)
  • Cafeterias, Inc.
    (1959–1981)
  • Lubys, Inc.
    (2005–2022)
Company typePrivate
IndustryCasual dining restaurant
Founded1947; 78 years ago (1947) (as Luby's Cafeterias, Inc.)
San Antonio, Texas, U.S.
FounderRobert M. "Bob" Luby
FateAcquired by Calvin Gin
HeadquartersHouston, Texas, U.S.
Key people
  • Christopher J. Pappas (president and CEO)
  • K. Scott Gray (Senior vice-president and CFO)
  • Todd Coutee (COO)
  • B. Todd Coutee (Senior vice-president of operations)
ProductsHomestyle food, cafeteria, American
RevenueDecrease US$323.47 million (2019)
Net incomeIncrease −US$15.226 million (2019)
OwnerCalvin Gin
Number of employees6133 (2019)
ParentFlying Food Group
SubsidiariesKoo Koo Roo (defunct)
Cheeseburger in Paradise (defunct)
Fuddruckers (2011–2020)
Websitewww.lubys.com

Luby’s Restaurant Corporation is a chain of cafeteria-style restaurants in Texas. In the past, Luby's Inc. also owned the Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise restaurant chains.

As of April 2024, the company operates 38 locations in Texas. Its headquarters is in the Near Northwest district of Houston, Texas. The original location was founded in 1947 in San Antonio, Texas, by Robert Luby (1910–1998).

Luby's Culinary Services provides contract food-service management to 18 healthcare, higher education, and corporate dining locations, such as Texas Children's Hospital, Lone Star College, and formerly, Baylor College of Medicine, which ended its relationship with Luby's in March 2015.

History

The Luby's headquarters in Near Northwest and in Houston, 2011

Bob Luby’s father, Harry, opened his first cafeteria called the New England Dairy Lunch in 1911, after a business trip in Chicago. By the time Bob was 40, he became successful, with his cafeterias spreading several states, and retired to pass the business to his son. Bob worked many jobs in the cafeteria industry before founding Luby’s. After graduating from the University of Texas, he ran cafeterias in San Francisco and Corpus Christi. He moved back to Texas after a satisfied customer, Georgina Wenglein and her husband convinced him. Bob opened his first Luby's Cafeteria in 1947, focusing on fresh food and customer service. Luby's soon expanded outside of San Antonio to Tyler, Harlingen, El Paso, and Beaumont.

In 1959, the original partners formed Cafeterias, Inc. Luby's continued to expand, entering other Texas cities and locations in contiguous states. Luby's entered Houston for the first time when it opened Romana Cafeteria in 1965. Locations opened in New Mexico in 1966 and in Oklahoma in 1980.

In 1973, Cafeterias, Inc., became a publicly traded company. To honor Bob Luby, Cafeterias, Inc., was renamed Luby's Cafeterias, Inc., in 1981. One year later, Luby's shares were listed on the New York Stock Exchange. By 1987, Luby's had reached 100 locations..

The company operated in 11 states in 1996, having over 200 restaurants at that time.

In 2001, Chris and Harris Pappas of Houston's Pappas Restaurants (owners of Pappasito's Cantina, Pappadeaux Seafood Kitchen, etc.) joined the Luby's management team. Three years later, Luby's moved its corporate headquarters from San Antonio to Houston. The addition of the Pappas management team saw several Luby's restaurants begin to transition from traditional cafeteria-style establishments to hybrid cafeteria/fine dining.

Luby's celebrated its 60th anniversary in December 2006 with publishing Luby’s Recipes & Memories: A Collection of our Favorite Dishes and Heartwarming Stories. In 2008, Luby's published a special edition of the cookbook that included 12 additional recipes.

In 2009, due to the economic recession, Luby's closed 25 stores and laid off staff as a cost-cutting measure. In 2010, Luby's Culinary Services introduced "What's Brewing?", a coffeehouse concept store in downtown Houston. The same year, on June 18, Luby's announced it was buying Fuddruckers and Koo Koo Roo for $61 million after parent company Magic Brands LLC went bankrupt. On June 13, 2011, Luby's opened its first company-owned Fuddruckers restaurant in downtown Houston's tunnel system. In 2013, Luby's acquired Cheeseburger in Paradise.

In August 2015, 93 Luby's were operating, and this declined to 78 in 2019. Technomic consumer insights senior manager Robert Byrne stated that the fast casual restaurants reduced Luby's market share.

During the 2020 COVID-19 lockdowns, Luby's, Inc. furloughed more than half of its corporate staff and cut the pay of remaining salaried employees by 50%. Luby's Inc also applied for and received a loan of US$10 million as part of the Paycheck Protection Program.

Sale of Fuddruckers and acquisition by Calvin Gin

On June 3, 2020, Luby's board of directors announced plans to sell all its operating divisions and assets, including real estate assets. This decision was influenced in part by circumstances surrounding the COVID-19 pandemic. Net proceeds from transactions were to benefit Luby's stockholders. The company did not have a definitive timeline for future transactions, but expected to eventually wind down remaining operations.

On September 8, 2020, Luby's further announced it has adopted a plan to liquidate all of its existing assets, as opposed to operating in the current form or merely selling off divisions.

As of September 11, 2020, 80 Luby's and Fuddruckers were still in operation. About 99% of Luby's stockholders voted for dissolution in November 2020.

On June 21, 2021, Calvin Gin, founder of Flying Food Group, agreed to buy 32 Luby's locations for $28.7 million, a week after Nicholas Perkins of North Carolina agreed to buy Luby's Fuddruckers brand for $18.5 million. Prior to the announcement of Gin's acquisition, Luby's had planned to close all locations by August 2021.

Headquarters

In July 2004, Luby's announced that it would move its headquarters from San Antonio to Houston, where Pappas Restaurants has its headquarters. At that time Luby's did not yet state to where it would be moving; the company stated that it would most likely move to a suburb in Greater Houston; 80 jobs were transferred to Houston. Luby's has its headquarters in Suite 600 of the 13111 Northwest Freeway building in the Near Northwest district in Houston.

In media

The LuAnn Platter, a popular combination platter served at Luby's, inspired the name of the character Luanne Platter on the animated television series King of the Hill. The cafeteria itself is characterized as "Luly's" on the show.

References

  1. Wollam, Allison (January 19, 2010). "Luby's cooks up Lone Star College deal". Houston Business Journal. Retrieved 24 June 2011.
  2. "Luby's Culinary Services". lubyscs.com.
  3. "Luby's Opens New Dining Facility at Baylor College of Medicine". Red Orbit. August 20, 2007. Retrieved 24 June 2011.
  4. ^ Hlavaty, Craig (2018-09-19). "The story of how Luby's became a Texas comfort food staple". HoustonChronicle.com. Retrieved 2020-09-01.
  5. ^ Valdez, Andrea (2019-11-25). "A Chain Reaction". Texas Observer. Retrieved 2020-06-21.
  6. Aldridge, James (July 16, 2004). "San Antonio Business Journal". San Antonio Business Journal. Retrieved 24 June 2011.
  7. Wollam, Allison (December 3, 2006). "Luby's to dish out new design with Post Oak remodel". Houston Business Journal.
  8. Oelrich, Shannon. "Where Texans Go To Eat". Texas Co-op Power. Retrieved 24 June 2011.
  9. "Luby's Cafeteria Recipes". Food.com. Retrieved 24 June 2011.
  10. "Luby's closes 25 stores." KTRK-TV. Monday November 16, 2009. Retrieved on February 26, 2010.
  11. "Luby’s posts 2Q net loss as sales slide." Houston Business Journal. Thursday March 18, 2010.
  12. Baertlein, Lisa (June 18, 2010). "UPDATE 1-Luby's buys Fuddruckers for $61 million". Reuters. Retrieved 24 June 2011.
  13. Pulsinelli, Olivia. "Luby's receives PPP loan, delisting warning". Houston Business Journal. Retrieved 28 April 2020.
  14. "Luby's Announces it will Pursue Sale of its Operations and Assets and Distribute Net Proceeds to Stockholders" (PDF). Luby's. Retrieved 7 June 2020.
  15. Price, Robert (September 8, 2020). "Loyal customers saddened as Luby's announces plans to dissolve company". WOAI-TV. Retrieved September 8, 2020. This Plan of Liquidation is the next logical step in the Company's previously announced plan to maximize value of the Company through the sale of its operations and assets," Gerald Bodzy and Randolph Read, co-chairmen of the special committee responsible for the decision, said in a statement. "Our stockholders have expressed their support for seeking alternatives to continuing to operate the Company's restaurants in their current form, and we believe the Plan of Liquidation will allow the Company to accomplish that task in the most efficient manner.
  16. Solomon, Dan (September 8, 2020). "Luby's Is Liquidating Its Assets and Dissolving the Company". Texas Monthly. Retrieved September 9, 2020.
  17. Rosenthal, Abigail (September 11, 2020). "Luby's executive assures fans that the Texas icon is still open". Houston Chronicle. Retrieved October 3, 2020.
  18. Drane, Amanda (2020-11-17). "Luby's shareholders vote overwhelmingly in favor of liquidation, dissolving the business". Houston Chronicle. Retrieved 2020-11-22.
  19. Drane, Amanda (June 21, 2021). "Luby's to sell 32 cafeteria locations around Texas for $28.7 million, signaling afterlife for icon". Houston Chronicle.
  20. "Texas' beloved Luby's Cafeteria chain reveals timeline for shuttering all remaining locations". CultureMap Houston.
  21. Athavaley, Anjali. "CAFETERIA STYLE / Home is where the CEO is / Luby's will move its headquarters to Houston, bringing 80 jobs along." Archived 2011-06-04 at the Wayback Machine Houston Chronicle. Saturday July 17, 2004. Business 1. Retrieved on February 26, 2010.
  22. Aldridge, James. "Luby's relocating corporate headquarters to Houston." San Antonio Business Journal. Friday July 16, 2004. Retrieved on February 26, 2010.
  23. "Area Map Archived 2011-07-14 at the Wayback Machine." Near Northwest. Retrieved on February 8, 2011.
  24. "Contact." Luby's. Retrieved on February 8, 2011. "Office 13111 Northwest Freeway, Suite 600 Houston, Texas 77040."
  25. Anita Belles Porterfield; John Porterfield (15 May 2015). Death on Base: The Fort Hood Massacre. University of North Texas Press. pp. 19–. ISBN 978-1-57441-596-4.
  26. "Hill Bent". Texas Monthly. February 1, 1997.

External links

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