Furr's

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Furr's (also known as Furr's Cafeteria or Furr's Family Dining) is a chain of family restaurants in the United States started by Roy Furr. The first location opened in Hobbs, New Mexico in 1946. In corporate history it is notable for being a corporation in which an institutional investor TIAA-CREF was able to oust the board of directors.[citation needed] Furr's was purchased by the K mart Corp. in 1980 and subsequently sold by K mart to Michael Levenson's Limited National Partnership in 1988.[1] In 2000 the company established a new name, Furr's Restaurant Group.[2] The company reorganized under Chapter 11 bankruptcy in January 2003.[3] Shortly afterward, the company was sold to a private investment firm, CIC-Buffet Partners, an affiliate of Cardinal Investment Co.[4]

In January 2014 Furr's closed several locations, including Las Cruces, New Mexico,[5] Big Spring, Texas,[6] Wheat Ridge, Colorado, and Wichita, Kansas.[7] “We are closed for business,” says assistant general manager Tim Arnoldussen. “It’s just a corporate decision.”[8]

References[edit]

  1. ^ http://www.answers.com/topic/furr-s-restaurant-group-inc
  2. ^ http://www.answers.com/topic/furr-s-restaurant-group-inc
  3. ^ "Furr's files reorganization plan". Dallas Business Journal. April 4, 2003. Retrieved 2011-12-07. 
  4. ^ "Furr's Restaurant Group to sell 54 restaurants". Amarillo Globe-News. 2003-07-15. Retrieved December 19, 2011. 
  5. ^ Stockberger, Brook. "Furr's Fresh Buffet in Las Cruces closes". Sun-News report. The Las Cruces Sun-News. Retrieved 20 January 2014. 
  6. ^ Hogg, Chris. "Big Spring Crossing". Facebook. Retrieved 3 November 2013. 
  7. ^ Calhoun, Patricia. "Furr's could be gone for good from Colorado". Denver Westword, LLC. 
  8. ^ Rengers, Carrie. "Last Furr’s Family Dining restaurant closes WICHITA — The last remaining Furr’s Family Dining restaurant in Wichita has closed.". The Wichita Eagle. Retrieved 16 January 2014. 

External links[edit]