Magic Brands, LLC was the owner of
Fuddruckers
Fuddruckers (sometimes abbreviated Fudds) is an American fast casual, franchised restaurant chain that specializes in hamburgers. The Fuddruckers concept is to offer large hamburgers in which the meat is ground on-site and buns are baked on the ...
and
Koo Koo Roo and was based in
Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...
. The company acquired Fuddruckers in 1998. On April 22, 2010, Magic Brands filed for Chapter 11 bankruptcy protection. On June 18, 2010,
Luby's
Luby's, Inc. (formerly Luby's Cafeterias, Inc.) is a parent company that operates the Luby's chain of cafeteria-style restaurants. In the past, Luby's Inc. also owned the Fuddruckers, Koo Koo Roo, and Cheeseburger in Paradise restaurant chains ...
announced it was buying Fuddruckers and Koo Koo Roo, and the deal eventually was for $61 million in cash via an auction.
Bankruptcy forces 2 California Fuddruckers to close today
Retrieved 4/20/10 A second estimate was that the sale amount was for $63 million. Luby's acquisition of Fuddruckers and Koo Koo Roo was finalized during the summer of 2010.
References
Restaurants established in 1998
Defunct companies based in Texas
Companies disestablished in 2010
1998 establishments in Texas
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