Harry Luby opened the first Luby’s Cafeteria in Dallas in 1929. Son Robert Luby worked for his dad before opening his own restaurant by the same name in Corpus Christi. After serving in the military during World War II, Robert Luby established the Luby’s Inc. restaurant chain. Courtesy photo
32 Texas Luby’s restaurants sold, including Saratoga site in Corpus Christi
One Luby’s in Corpus Christi will remain open and the other will close after the company sold 32 of its Texas restaurants to a newly formed affiliate of Calvin Gin, the company announced Monday, June 21. The affiliate will be renamed Luby’s Restaurants Corp. at the closing of the estimated $28.7 million sale. Gin will be named CEO of the operation.
The Luby’s at 5730 Saratoga Blvd. will remain open after the sale, but the restaurant at 1520 South Padre Island Drive will close. Employees at the 32 restaurants to remain open are expected to retain their jobs.
"We are so pleased to be able to acquire the operation of these Luby's Cafeteria stores, one of the iconic brands in the Texas restaurant market,” Gin said. “This transaction will allow us to continue serving the many loyal Luby's customers at these locations and to provide long-term employment opportunities for the many associates currently at these locations."
The acquisition does not include any of the real estate owned by Luby's, nor does it include any of the company's Fuddrucker’s operations or the company's Culinary Contract Service business.
Luby’s announced plans in November 2020 to liquidate its restaurants, including a portion of Fuddrucker’s restaurants, which recently sold to Black Titan Franchise Systems LLC.
