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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.

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    Jonathan's new job

    Houston hospitality veteran picked to lead beloved Junior League tea room

    Eric Sandler
    Oct 7, 2026 | 4:00 pm
    Jonathan Horowitz Junior League
    Courtesy of the Junior League of Houston
    Jonathan Horowitz is the new general manager of the Tea Room at the Junior League.

    A Houston hospitality veteran has found a new home at one of the city’s most iconic dining rooms. Jonathan Horowitz is the new general manager of the Tea Room at the Junior League of Houston.

    Over the course of his two decade career, Horowitz has held many roles, including being an equity partner in LASCO Enterprises, which operated The Tasting Room and Max’s Wine Dive; spending five years at the CEO of Legacy Restaurants, the company behind The Original Ninfa’s and Antone’s Famous Po’ Boys; serving as the president of the Houston Hospitality Alliance, an organization that fostered relationships across all aspects of Houston's hospitality communities; and operating Convive Hospitality, a consulting firm that helped open several establishments around town.

    Most recently, Horowitz has been working in commercial real estate. His responsibilities have included both pleasant aspects such as helping operators find an ideal location to expand their businesses and more negative aspects like helping others sell or close a struggling operation. The highs and lows had him looking for a new opportunity right when the Junior League needed a new general manager.

    “I had made contact with a national recruiting firm after their current GM left the job after 41 years,” Horowitz tells CultureMap. “I looked at it from a current life situation and what I wanted to do going forward — the opportunity to get back into operations is very exciting and something I’m familiar with.”

    "Jonathan Horowitz stood out from a strong candidate pool for his extensive experience in hospitality, business development, law and leadership, alongside his deep Houston culinary ties and alignment with our mission," the Junior League Tea Room General Manager Search Committee said in a statement. "He respects our traditions while bringing the collaborative leadership needed to enhance staff partnerships and advance our premier food and beverage operations in our newly renovated building. As we enter our next century of service, we are thrilled to welcome Jonathan as the new general manager."

    Although he’s only a couple of days into the job, Horowitz already has some ideas how to enhance the Tea Room, which underwent extensive renovations a couple of years ago. Of course, fan favorite dishes such as the taco salad, crepes, and pecan ball aren’t going anywhere, but Horowitz has already heard from members who want more vegetarian options. He’s also gauging interest in themed game nights such as mahjong or bingo.

    Behind the scenes, Horowitz is planning on some technological upgrades that will allow the operation to run more smoothly. Knowing his predecessor held the job for more than 40 years has Horowitz feeling optimistic that he’s found a long-term home.

    “We’re on day three and you never know what the future hold, but I certainly look at it that way. That’s how I’m approaching it. I ain’t no spring chicken,” he says with a laugh.

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