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Luby's casual dining chain is using Sloane & Co. as it fends off a proxy fight by hedge fund Bandera Partners.
Jeff Gramm, partner of Bandera, rapped Luby's business strategy as one that is "simply not working."
He claims since the Houston-based company has refused his request for substantive discussions to shake up Luby's board, he has "no choice" but to run his own slate of directors.
Bandera nominees include Gramm's dad, Phil. The elder Gramm was a Texas Senator and UBS investment unit vice chairman.
Luby's, which reported declining sales and profits, owns 142 restaurants including 82 Luby's Cafeterias, 58 Fuddruckers and a Cheeseburger in Paradise.
Sloane's managing director Dan Zacchei and senior VP Joe Germani rep Luby's
MDC Partners owns Sloane.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
