Luby’s to put business and assets up for sale

Luby’s Inc. (NYSE: LUB) will immediately pursue the sale of its operating divisions and assets, the Houston-based restaurant company announced June 3 in a press release. 

The decision comes after a special committee of the board of directors conducted a comprehensive review of the company’s operations and assets as well as the impact of the Covid-19 pandemic. However, Luby’s had been dealing with disappointing financial results long before the pandemic hit.

Luby’s will consider a variety of…