Jimmy Buffett Unloads His Burger Chain

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Swimming in money. Photo: Andrew H. Walker/Getty Images

Jimmy Buffett singer, aspirational island figure, inspiration for $350 Margaritaville-branded blenders is selling his Cheeseburger in Paradise burger chain for $11 million to Luby's, which also owns Fuddruckers, among other brands. The Cheeseburger chain currently has 23 locations in fourteen states, but according to Reuters, Luby's "anticipates developing opportunities to expand the brand." [Reuters]