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Steak 'n Shake

Financing

Steak ‘n Shake’s owner compares himself to Andrew Carnegie

Biglari Holdings CEO reportedly compares himself to 19th century industrialists and talks about the pandemic’s impact on his burger chain, says RB’s The Bottom Line.

Financing

Steak ‘n Shake has permanently closed 51 locations

The burger chain, which faces challenges refinancing its debt, has also temporarily closed 62 locations.

While full-service and fast-casual concepts focus on takeout and delivery meals, drive-thrus are trying to lure customers with new items.

The company is apparently looking to restructure its loans amid operating challenges from the coronavirus shutdown.

A Fitch Ratings report says Steak ‘n Shake and Checkers are at risk in a worsening operating environment, says RB’s The Bottom Line.

The chain has closed 107 units, with plans to reopen them with a counter-service model to save on labor.

RB’s The Bottom Line looks at how much Biglari Holdings has made since its 2011 investment in the family dining chain.

As chains such as Steak ‘n Shake and Krystal faced mounting financial problems, they looked to refranchising as a solution, says RB’s The Bottom Line.

A roundup of recent winter beverage items launched at chain restaurants.

The burger chain’s revenue fell more than 26% last quarter amid temporary store closures.

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