Just-announced $28.7 million sale keeps Luby’s in Houston and Texas


A new deal will keep Houstonians eating square fish and mac and cheese for the foreseeable future. Luby’s announced that it has sold its cafeteria restaurant business to a new corporation founded by entrepreneur Calvin Gin. Selling its cafeteria business is the latest step in the process of liquidation and dissolution that the company’s board of directors adopted last year. Valued at approximately $28.7 million, the deal includes 32 locations of Luby’s in Texas and…

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