Luby’s to transfer 13 Fuddruckers restaurants to franchisee as part of liquidation plan

Houston-based restaurant company Luby’s Inc. (NYSE: LUB) has reached a deal to transfer more Fuddruckers locations to a franchisee.

The deal will make Black Titan Holdings LLC, an affiliate of food-service entrepreneur Nicholas M. Perkins, one of the largest Fuddruckers franchisees in the U.S., Luby’s announced Dec. 16. Black Titan Holdings will acquire the assets of Luby’s at the 13 Fuddruckers locations and is expected to offer almost all current employees jobs after the deal closes.

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