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Steak 'n Shake

Financing

Steak n Shake’s lender says the company still owes millions

By Jonathan Maze on Apr. 06, 2021

The administrative agent for the burger chain’s debt says it is owed $8.5 million in unpaid fees and interest. Meanwhile, Steak n Shake has dismissed its lawsuit against its lender.

Financing

Steak n Shake plans to reopen more locations

 By Jonathan Maze on Mar. 09, 2021

Steak n Shake is reopening dozens of locations it had temporarily closed over the past two years as the chain's same-store sales have struggled.

Financing

Why Sardar Biglari needs a Steak 'n Shake turnaround

By Jonathan Maze on Mar. 01, 2021

After rescuing the company at the last minute, he now embarks on an uncertain service style change. RB’s The Bottom Line explains why the investor has a lot riding on this move.

Financing

After a last-minute rescue from Sardar Biglari, Steak ‘n Shake embraces kiosks

By Jonathan Maze on Feb. 28, 2021

Biglari Holdings paid off the company’s debt, keeping it from bankruptcy, and now the chain looks to a self-serve kiosks for its future.

Operations

5 signs the restaurant apocalypse may be here

By Peter Romeo on Feb. 26, 2021

Cue the 'Twilight Zone' theme and hide the kids. Things are getting weird.

Financing

Steak ‘n Shake lawsuit highlights the booming business of credit deals

By Jonathan Maze on Feb. 23, 2021

Investors are increasingly using “loan-to-own” strategies to take control of restaurant chains, says RB’s The Bottom Line.

Financing

Steak ‘n Shake avoids bankruptcy and sues its lender

By Jonathan Maze on Feb. 22, 2021

The burger chain, which was considering bankruptcy, has paid off its loan and then sued Fortress Investment Group for allegedly trying to take the company over.

Financing

Steak ‘n Shake and the sin of over-discounting

By Jonathan Maze on Jan. 25, 2021

The chain’s heavy reliance on prices and emphasis on traffic over profitable sales have led to its current troubles, says RB’s The Bottom Line.

Financing

Steak ‘n Shake reportedly hires restructuring advisors

By Jonathan Maze on Jan. 20, 2021

The burger chain, which has been closing locations, has debt that comes due in March and is exploring out-of-court restructuring or a bankruptcy filing.

Leadership

Best fights of 2020

By Peter Romeo on Dec. 21, 2020

The battle against COVID wasn’t the only combat restaurants saw last year. Here’s a sampling of the other wars.

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