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🥛How’s Steak ‘N Shake Doing? (Long Horrific Corporate Governance)🥛
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🥛How’s Steak ‘N Shake Doing? (Long Horrific Corporate Governance)🥛

May 09, 2019
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🥛How’s Steak ‘N Shake Doing? (Long Horrific Corporate Governance)🥛
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Back in July 2018 in “Casual Dining Continues to = a Hot Mess,” we noted that certain lenders were agitating to engage Steak N’ Shake in restructuring discussions, which is owned by Biglari Holdings ($BH). At the time, the casual dining chain (i) had somewhere between 580 and 616 locations, (ii) was pivoting towards franchisee-owned stores rather than c…

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