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]