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According to an article from Restaurant Business, Luby's--which is the parent company of Fuddruckers--has decided to liquidate via the sale of its assets, with the plan being to dissolve both the Fuddruckers and Luby's brands. The post mentions that this still needs the approval of the company's shareholders, and if approved, it appears that the remaining locations of Fuddruckers in the Greater Boston area (in Reading and Saugus) could shutter depending on the potential purchase of the company or its specific brands. This is a developing story, so keep checking back for updates as they come in.
Fuddruckers is headquartered in Texas, but it once had its headquarters in Beverly and Danvers.
by Marc Hurwitz (Also follow us on Twitter at @hiddenboston)
[A related post from our sister site (Boston's Hidden Restaurants): List of Restaurant Closings and Openings in the Boston Area]
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Posted in: Dining Spots
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