Lawrence Fabacher of brewing fame sold his famous Fabacher's Restaurant in the French Quarter to his cousin Tony in 1895. How long did the restaurant survive after that?
For nearly 50 years, Fabacher's on the corner of Royal and Iberville streets was one of the leading restaurants in New Orleans and was known throughout the U.S. But in May 1915, it was sold at auction.
Joseph Fabacher started the restaurant on a small scale and it became very popular — and was the foundation of the Fabachers' fortunes.
After Joseph's death in 1897, his brother Lawrence managed the restaurant, and his other brothers Peter and Anthony each owned an interest. Lawrence sold his interest to his two surviving brothers. Anthony later sold his interest to Peter, who subsequently became ill and sold the restaurant back to Anthony in 1905.
Anthony ran into financial difficulties and was forced to sell Fabacher's Restaurant and other properties at auction a decade later.