Industry | Dining |
---|---|
Founded | 1998 |
Defunct | 2010 |
Fate | Bankruptcy; acquired by Luby's |
Successor | Luby's |
Headquarters | Austin, Texas, U.S. |
Products | Fuddruckers and Koo Koo Roo |
Magic Brands, LLC was the owner of Fuddruckers and Koo Koo Roo and was based in Austin, Texas. The company acquired Fuddruckers in 1998. On April 22, 2010, Magic Brands filed for Chapter 11 bankruptcy protection. [1] On June 18, 2010, Luby's announced it was buying Fuddruckers and Koo Koo Roo, and the deal eventually was for $61 million in cash via an auction. [2] [3] A second estimate was that the sale amount was for $63 million. [4] Luby's acquisition of Fuddruckers and Koo Koo Roo was finalized during the summer of 2010.
Dynegy Inc. is an electric company based in Houston, Texas. It owns and operates a number of power stations in the U.S., all of which are powered by fossil fuels. Dynegy was acquired by Vistra Corp on April 9, 2018. The company is located at 601 Travis Street in Downtown Houston. The company was founded in 1984 as Natural Gas Clearinghouse. It was originally an energy brokerage, buying and selling natural gas supplies. It changed its name to NGC Corporation in 1995 after entering the electrical power generation business.
Friendly's is a restaurant chain on the East Coast of the United States. The first location, selling ice cream cones, was in Springfield, Massachusetts, opened in 1935. It was founded by brothers S. Prestley Blake and Curtis Blake. It has 10,000 employees. George Michel is the CEO. It offers diner-style cuisine and highlights its 22 ice cream flavors. Many locations offer an ice-cream only take-out window alongside of the table service option. Friendly's restaurants are found in Massachusetts, Connecticut, Florida, Delaware, Maryland, New Jersey, New York, Pennsylvania and South Carolina. Its ice cream is also sold in some East Coast supermarkets.
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Koo Koo Roo was an American fast casual restaurant chain specializing in charbroiled chicken founded in 1988 by Los Angeles-based restaurateurs Mike and Ray Badalian. The name "Koo Koo Roo" was an onomatopoeic reference to the crow of a rooster. After a series of expansions and ownership changes, in which Koo Koo Roo struggled for profitability throughout the 1990s, the last location in Santa Monica, California, closed in 2014.
... Fudds Luby's, based in Houston, has agreed to buy the majority of the assets of Fuddruckers and Koo Koo Roo's parent company Magic Brands for about $61 million in cash ... The assets from Magic Brands, which filed for Chapter 11 protection in April, were sold to Luby's in an auction ...
Houston-based Luby's bought the Fuddruckers business for $63.45 million in a sale approved by the bankruptcy court in June.