Tuesday, June 22, 2010

Buffalo Wings & Rings Announces Expansion in Brownsville

Buffalo Wings & Rings Announces Expansion in the South Texas Market With the Addition of New Franchisee

BROWNSVILLE, Texas, June 22 /PRNewswire/ -- A hot new Buffalo Wings & Rings (BWR) restaurant is taking flight in Brownsville, TX thanks to new franchisees Francisco, Juan & Luis Guillermo Cordova.

Family ties run deep for the newest addition to BWR. With relatives owning and operating the Mission, TX BWR franchise, the "Brownsville Boys" know what it takes to run a successful franchise restaurant in an unstable economy. The Cordovas have a strong service industry background and are looking forward to extending the BWR brand in South Texas with the opening of their first location by the end of this year (or early 2011 at the latest).

The state of Texas is an integral component to Buffalo Wings & Rings' overall growth strategy. The chain currently operates 55 locations nationwide, eight of which reside in The Lone Star State. Last year alone, BWR opened two locations in McAllen and one each in the cities of Del Rio, Mission, Round Rock and Weslaco.

"Our goal is ... Click here to read more

Luby’s Inc. to buy Fuddruckers' assets for $61 million

SAN ANTONIO (San Antonio Express-News) – Luby’s Inc. is purchasing all of Fuddruckers’ assets — as well as Fuddruckers parent, Magic Brands LLC — for $61 million.

Houston-based Luby’s and Austin-based Fuddruckers were founded in the Alamo City in 1947 and 1980, respectively.

Magic Brands LLC filed for bankruptcy on April 21 and operates 62 Fuddruckers locations in 11 states. An additional 135 restaurants are operated by franchisees.

The transaction is scheduled to close on or before July 9.