Famous Restaurant Chains That Went Out of Business

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Lum’s was wildly successful in its heyday, thanks in part to its large menu. At its peak, Lum’s had 400 locations across the country. In fact, at one point in 1969, the company had grown so large that it was able to buy Caesar’s Palace in Las Vegas.

It would all be downhill from there, though. In 1978 Lum’s was bought by the Wienerwald company, and in the following years was badly overextended, leading to bankruptcy. The last Lum’s closed its doors in 2009.