Luby’s Restaurants beat out the parent company of Freebirds World Burrito in an auction yesterday to purchase the bankrupt Fuddruckers hamburger chain. The $61 million purchase price includes 60 Fuddruckers locations and three Koo-Koo-Roos in Southern California. An additional 138 Fuddruckers restaurants are run by franchisees. Fuddruckers’ parent company had agreed in April to close 24 corporate-owned locations and terminate other leases. There are 17 Fuddruckers restaurants in the Houston area. [Houston Business Journal]
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