Steak n Shake

Steak n Shake bringing menu fixtures to the freezer aisle

August 9, 2014
Scott Olson
Officials of the 80-year-old chain believe selling steakburgers in groceries will further extend the Steak n Shake brand.
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Steak n Shake sees appetite for organicRestricted Content

April 12, 2014
Scott Olson
The Indianapolis-based burger chain won approval in late March from the U.S. Patent and Trademark Office to trademark the “organic signature steakburger.
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Steak n Shake owner acquires Maxim magazine

March 1, 2014
Associated Press
Terms of the deal with Biglari Holdings Inc. were not released. The company, headed by CEO Sardar Biglari, says Maxim will continue under its current management team and stay based in New York.
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Biglari's Steak n Shake licensing deal stirs up criticsRestricted Content

January 25, 2014
Greg Andrews
Under the 20-year deal, Sardar Biglari won’t receive royalties if he remains atop the company. But if he were forced out of for anything but malfeasance, or if it were sold, he’d receive 2.5 percent of sales for five years—a sum that could surpass $100 million.
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Steak n Shake cooks up expansion plan for Saudi Arabia

December 27, 2013
 IBJ Staff
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
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Biglari shareholder loses bid to stop $75M stock offering

September 20, 2013
Scott Olson
A federal judge rejected the shareholder's motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
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Steak n Shake dispute with franchisees reaches to Denver

August 5, 2013
Scott Olson
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
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More franchisees join revolt over Steak n Shake menu pricing

May 1, 2013
Scott Olson
Three franchise owners filed suit last month against Steak n Shake, including two on the same day, challenging the company's policy that they say prohibits them from setting their own menu prices.
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Steak n Shake facing new suit over mandatory menu pricing

April 10, 2013
Scott Olson
Another Steak n Shake franchise owner is suing the company over its controversial practice that prohibits restaurants in the chain from setting their own menu prices, even after a federal appeals court sided with a franchisee.
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Steak n Shake opening in United Arab Emirates

October 9, 2012
The Indianapolis-based restaurant chain struck a deal to open 40 locations starting next year in the Middle Eastern country, its first venture outside the United States.
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Court rules Steak n Shake broke pact with ad agency

September 26, 2012
Anthony Schoettle
A District Court in Indiana this week ruled that Steak n Shake in 2009 breached its $4.36 million contract with its former advertising agency, Georgia-based Varnson Group.
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Biglari agrees to antitrust fine in Cracker Barrel deal

September 26, 2012
Bloomberg News
The chain-restaurant operator that owns Indianapolis-based Steak n Shake has agreed to pay $850,000 to settle procedural antitrust violations stemming from its purchase of shares in Cracker Barrel Old Country Store Inc.
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MDC approves CIB's sale of building to Steak n Shake

September 5, 2012
 IBJ Staff
The Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
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Steak n Shake paying $3.8M for Ober Building

September 4, 2012
Cory Schouten
An affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
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Steak n Shake customer traffic up in latest quarter

August 14, 2012
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
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Steak n Shake woos real estate pros

May 23, 2012
Cory Schouten
Steak n Shake made a big splash at the International Council of Shopping Centers deal-making convention in Las Vegas as it pushes an aggressive plan to grow via franchising.
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Federal court to hear Steak n Shake franchisee appeal

May 21, 2012
Scott Olson
The case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing policies. The company's appeal is set to be heard Wednesday by a federal appeals court in Chicago.
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PROXY CORNER: Biglari Holdings Inc.

January 7, 2012
Biglari Holdings Inc. is a San Antonio-based holding company that owns Indianapolis-based Steak n Shake, Roanoke, Va.-based Western Sizzlin and invests in a diverse range of businesses.
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Battle between phone rivals spills into the courtroomRestricted Content

December 31, 2011
Greg Andrews
Brightpoint sues Miami rival Brightstar twice in one week over its hiring of two former executives of the local wireless-phone distributor.
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Cracker Barrel rebuffs Biglari

December 20, 2011
 IBJ Staff
Cracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board, but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
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CEO: Steak n Shake poised for global growth

December 13, 2011
Scott Olson
In his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based restaurant chain could take its concept overseas.
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Biglari set to make big move on Cracker Barrel

December 9, 2011
Associated Press
Cracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak n Shake, is seeking a seat on the company's board of directors.
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Steak n Shake hit with overtime lawsuit

November 30, 2011
Scott Olson
Two workers at restaurants in Georgia are suing the Indianapolis-based burger chain for failing to pay minimum wage and overtime to hourly employees.
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Steak n Shake reports higher same-store sales

August 15, 2011
Same-store sales grew during the fiscal third quarter 4.9 percent, helping revenue during the three-month period climb 4.5 percent, to $165.2 million.
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Will Biglari use Steak n Shake playbook at Cracker Barrel?Restricted Content

July 2, 2011
Greg Andrews
Biglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
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