Fans of Luby's were heartbroken to find out this week that the Texas chain Luby's would be liquidating their assets. Luby's Inc., the parent company of beloved Texas cafeteria chain Luby's and their sister restaurant Fuddruckers, made the announcement earlier this week that the company would be "liquidating their assets and dissolving." The news is shocking to some, but also not surprising. Back in June, the 73-year-old company announced they were for sale but sadly they still haven't found a buyer, according to Texas Monthly. Even so, many fans of Luby's immediately took to social media to mourn the loss of one of their favorite childhood eateries.

The problem is, we really don't know what's going to happen with Luby's or Fuddruckers. While the press release said the company would be selling their "operations and assets," they also said some stockholders wanted options so they could continue operations and it looks like that's what they're doing. After the news broke, the company's COO Todd Coutee released a statement to ease the minds of heartbroken Luby's and Fuddruckers fans. Here's what COO Todd Coutee released on the company's Facebook:

"I appreciate the calls, texts and notes regarding our recent press release. Although these are shocking statements, we have 80 Luby's and Fuddruckers locations open to serve you! We are here today and plan to be here for a long time. Our team members are delighted to serve you and look forward to today, the holidays and beyond. I want to personally thank you and invite you to come out and dine in with us or get our great food to-go."


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