Luby’s, the iconic Houston-based cafeteria chain with a location in the area, could be serving its last meals in the coming months.
According to a Tuesday news release, the board of directors for Luby’s Inc. adopted a plan of liquidation and dissolution. This would allow for the sale of the company’s assets and distribution of the net proceeds to the company’s stockholders. After that, the company would be dissolved.
Luby’s, which was founded in San Antonio in 1947, has an Oak Forest-area location at 11250 Northwest Fwy. Its corporate headquarters is located a little further to the northwest at 13111 Northwest Fwy.
The company’s stockholders must approve the liquidation plan for it to be executed. And if at any time, the company receives an offer for a corporate transaction that will provide higher value to its stockholders in comparison to the value of the estimated distributions, the plan for liquidation and dissolution could be abandoned.
“We believe that moving forward with a plan of liquidation will maximize value for our stockholders, while also preserving the flexibility to pursue a sale of the company should a compelling offer that delivers superior value be made,” Christopher J. Pappas, chief executive officer and president of Luby’s, said in the news release. “The plan also continues to provide for the potential to place the restaurant operations with well-capitalized owners moving forward.”
Pizza, beer joint to open on Washington
The Arizona-based Bottled Blonde Pizzeria + Beer Garden, known for its Italian fare and cocktails, will open Sept. 17 at 4901 Washington Ave.
Brought to Houston by Diane and Les Corieri under Evening Entertainment Group, Bottled Blonde is a blend of contemporary Italian cuisine and a German beer garden.
The menu will feature antipasto, artisanal salami, premium cheeses, sandwiches, pizza and salads. The restaurant also has a wide selection of local and craft beers from local breweries, including St. Arnold, Spindletap, Karbach, Buffalo Bayou Brewing Company and Eureka Heights.
Hours of operation will be 3 p.m.–2 a.m. Monday–Friday, 11 a.m.–2 a.m. Saturday-Sunday. Beginning Sept. 26, brunch will be offered from 11 a.m.–3 p.m. Saturday and Sunday. Weekly happy hour will be 3–7 p.m. Monday–Friday.
Giving back with beer
Karbach Brewing Co., 2032 Karbach St., has teamed up with Texas-based chefs Chris Shepherd and Aaron Franklin to release a pilsner to benefit Shepherd’s Southern Smoke Foundation, which supports those in need in the food and drink industry.
The Horseshoe Pilsner is meant to be the perfect companion to a plate of barbecue. It was originally created for Franklin’s annual Hot Luck Festival. The event organizers decided to add the donation element because of the increased need in the industry during the COVID-19 pandemic.
“For Houston and for the country as a whole, service industry workers are the backbone of our communities. At Karbach, our staff is like an extended family and our brewery simply would not survive without them,” said David Graham, marketing manager at Karbach, said in a news release. “It’s been incredible to work with two Texas legends like Aaron and Chris, and we are proud to be able to support Southern Smoke through our new Horseshoe Pilsner release.”
Karbach estimates that it will be able to raise upwards of $100,000 for the foundation.