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    luby's closure update

    Cherished Texas cafeteria chain takes major step toward dissolution

    Eric Sandler
    Nov 10, 2020 | 2:02 pm
    Luby's exterior
    It could be a year or more before Luby's closes.
    Luby's/Facebook

    Luby's has taken the next step toward "liquidation and dissolution." In a press release issued Tuesday, November 10, the Texas-based cafeteria chain announced that Institutional Shareholder Services Inc. ("ISS"), a proxy voting advisory firm, has recommended that Luby's stockholders vote in favor of the plan proposed by the company's board of directors to wind down operations and delist itself from the New York Stock Exchange (NYSE: LUB).

    In its recommendation, ISS cited the "multi-year process" that Luby's has undertaken prior to proposing this step. The firm also noted that the stock market has reacted favorably to the announcement, with the value of Luby's shares more than doubling in value since September. A vote to approve the plan will take place November 17 at a special meeting of the company's stockholders.

    First announced in September, the liquidation plan calls for Luby's to sell its various assets, including locations of Luby's and hamburger chain Fuddruckers, as well as its real estate holdings. Ultimately, Luby's hopes to generate between $92 million and $123 million from the process, which represents between $3 and $4 per share of its stock (approximately 30.7 million shares outstanding). Once approved, the plan could take up to a year to complete, the Houston Business Journal reports.

    Currently, Luby's operates 80 Luby's and Fuddruckers locations across Texas and beyond. Many may remain open until the liquidation process is complete.

    "We are here today and plan to be here for a long time," chief operating officer, Todd Coutee said in a previous statement. "We greatly value our loyal guests and invite them to continue to come out and dine in with us, or get our great food to go."

    As for the possibility of a rescue plan to keep the restaurants open, Luby's CEO and Pappas Restaurants co-owner Christopher Pappas has yet to make an offer to purchase Luby's assets, the company added. In September, Pappas and his brother Harris Pappas entered into a confidential agreement with Luby's that granted them access to confidential financial information for the purposes of potentially buying the company. Together, the brothers own approximately 36 percent of Luby's outstanding shares.

    news-you-can-eat
    news/restaurants-bars

    Coming soon to Fredericksburg

    Houston restaurant vet serves up Roman-style eatery in the Hill Country

    Brandon Watson
    Dec 26, 2025 | 3:30 pm
    Bottega Salaria Fredericksburg
    Photo courtesy of Bottega Salaria
    Valerio Lombardozzi is opening Bottega Salaria in the former home of La Bergerie.

    Valerio Lombardozzi’s culinary career has taken him to the world’s finest kitchens, including restaurants owned by icons like Alain Ducasse, Giorgio Locatelli, and Joël Robuchon. In Houston, he led La Table and Tavola, where he earned a reputation for being one of the city's most engaging front of the house personalities.

    But his latest project might be his biggest accomplishment yet. The hospitality veteran is opening Bottega Salaria, a homey Italian osteria and artisan market, in the former home of La Bergerie at 312 E Austin St in his adopted home of Fredericksburg.

    Lombardozzi says the restaurant, expected to arrive in winter 2026, fills a gap in the Hill Country dining scene, but, more importantly, it's a reflection of his personal history and time spent working at his family’s restaurant in Rome.

    “[It’s about] where I grew up, how I grew up, and how I eat,” he shares.

    The three-concept experience is inspired by Italy’s Via Salaria, the ancient route Italians used to transport salt from the Adriatic Sea to Rome. The menu acts as a sort of travelogue, borrowing from the different cultures along the road, and the way village fishermen and shepherds ate.

    Lombardozzi is quick to say he didn’t want to open a chef-driven restaurant. Instead, the osteria will serve traditional Roman staples such as cacio e pepe, amatriciana, carbonara, saltimbocca with sage and prosciutto, and branzino carved tableside.

    “I was one of the last to be exposed to the old generation of professionals who knew how to carve elegantly for the guests,” he says.

    The adjacent bottega will stay open during restaurant hours, offering fresh pasta made on-site, house-made sauces, imported Italian pantry items, cheeses, salumi, breads, and biscotti. Patrons will be able to shop for individual items or put together custom gift baskets.

    Outdoors, La Fraschetteria will debut a new hospitality experience in the U.S. The self-guided experience invites diners to grab wine directly from garden shelves, gather a spread of meats, cheeses, bread, or pasta, and linger around long communal tables lit by string lights.

    Keeping the chit-chat going will be a thoughtful beverage program anchored by a primarily Italian wine list and imported beer. Lombardozzi says the cocktail menu might be a surprise, offering only gin and tonics, spritzes, and negronis. The latter has been made into a game where diners roll dice to determine the evening's combination of gin, vermouth, and bitters.

    After dinner, guests can select an amaro from a rolling cart, sip grappa and limoncello, or sip a neat whiskey.

    Lombardozzi shares that he wants Bottega Salaria to be just as comfortable for Fredericksburg locals as it is for destination travelers. Beyond daily service, Bottega Salaria plans community events such as garden wine nights with live music, Sunday movie nights, and hands-on cooking classes.

    The space is designed for ease with a warm palette combining olive green and pomegranate reds. The decor blends heritage and modernity, bringing in objects like antique mirrors, plates, custom-made lamps, and even old tablecloths and curtains for an Old World feel.

    "We’re not just opening a restaurant,” Lombardozzi says. “We’re creating a gathering place. A home for everyone who loves Italian food, culture, and the joy of sharing a meal with others.”

    italian cuisinewinefredericksburghill countryopeningsnews-you-can-eat
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