Fuddruckers Fast Casual Restaurants to Grow South American Footprint into Colombia with New Franchise Partner Grupo Char's

HOUSTON - March 4, 2015 // PRNewswire // - Fuddruckers, a Texas-based heritage brand headquartered in Houston, has finalized a new development agreement that will extend the popular fast casual restaurant group's base in South America. A partnership with Grupo Char's calls for an initial opening in the capital of Bogota. In December 2014, Fuddruckers debuted its first South American site in Santiago, Chile.

According to Peter Tropoli, Chief Operating Officer of Luby's, Inc., "We're excited to make new inroads in South America with an established partner that not only has a strong track record in business, but also a desire to make a sizable impact in Colombia."

Family-owned Grupo Char's was founded approximately 40 years ago and operates out of Maracaibo, Venezuela. Holdings include five automotive franchises and businesses in the tourism, hospitality, construction, finance, insurance and consulting industries. The company employs 500 team members and supports more than 150,000 customers each year.

According to Grupo Char's founder, Mounda Chaar, "We look forward to introducing the quality, reliability and attractiveness of Fuddruckers to Colombia, where dining out is becoming increasingly popular, and hamburger have become a staple."

About Fuddruckers

Since 1980, Fuddruckers has been obsessed with making the world happier, one great hamburger at a time. Grilled-to-order burgers feature always fresh and never frozen, 100% USDA premium-cut beef with no fillers or additives. Delicious, sesame-topped buns are baked from scratch on-site throughout the day to achieve the perfect combination of crisp crust and melt-in-your-mouth texture.

And while burgers are the signature, the engaging menu offers variety for many tastes with an array of sandwiches, platters and salads. No matter what they choose, customers can customize their meal with a trip to the legendary Build Your Own produce bar, which features fantastic fixings like sun-ripened tomatoes, lettuce, sliced onions, dill pickles, pico de gallo and classic cheese sauce.

About Luby's, Inc.

Luby's, Inc. (NYSE: LUB) operates restaurants under the brands Luby's Cafeteria, Fuddruckers and Cheeseburger in Paradise and provides food service management through its Luby's Culinary Services division. The company-operated restaurants include 94 Luby's Cafeterias, 71 Fuddruckers restaurants, eight Cheeseburger in Paradise full service restaurants and bars and one Bob Luby's Seafood Grill. Its 94 Luby's Cafeterias are located primarily in Texas. In addition to the 71 company-operated Fuddruckers locations, Luby's is the franchisor for 107 Fuddruckers franchise locations across the United States (including Puerto Rico), Canada, Mexico, Italy, Chile and the Dominican Republic. Luby's Culinary Services provides food service management to 25 sites consisting of healthcare, higher education and corporate dining locations.

SOURCE Fuddruckers



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