Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
The new model fits right in with Steak n Shake’s growing strategy to escape its roots as a sit-down diner and become more of a chain known for fast food.
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.
Three years after moving into a brand new $22 million headquarters building in Zionsville, Lids Sports Group is moving its offices to the northwest side of Indianapolis.
An Indianapolis-based company that specializes in lending money to restaurant franchisees has filed suit against the operator of 70 fast-food restaurants in Indiana and three other states, claiming it breached its loan agreements.
The best-known name in detergents is about to bring its fast-growing laundry-services business to the Indianapolis area after acquiring five local dry cleaning stores.
In January, Hearst and his wife, Sonya, opened A&I Variety Meats and Produce, a grocery at the corner of East 38th Street and North Post Road.
SteadyServ Technologies LLC, a Fishers-based company identified as one of the most innovative startups on the planet just a few years ago, now is now struggling to survive.
The proposed five-story complex, planned for the heart of Broad Ripple, drew concern from residents over potential parking issues, the height of the proposed buildings and the future of the alley running north-south through the property.
Several well-known Indiana companies were acquisition targets, including biotech firm Endocyte Inc., retailer The Finish Line Inc., racino owner Centaur Gaming, auto body chain Church Brothers Collision Repair, banking company MainSource Financial Group, and gas and electric utility Vectren Corp.
Fast-growing national low-cost carrier Spirit Airlines plans to begin operations in Indianapolis next year, beginning with nonstop flights to and from three destinations.
Indianapolis-based Steak n Shake announced a plan Monday to dramatically change its franchising model by letting “franchise partners” take over operations at company-owned restaurants.
The 8-year-old firm, which focuses on investing in early-stage Midwestern tech companies, this week filed plans with the Securities and Exchange Commission to raise $50 million to $100 million for the new fund.
The center is expected to create 3,000 jobs—1,000 more than Infosys announced last year when it said it planned to open an $8.7 million tech and innovation hub in Indianapolis. Vice President Mike Pence is scheduled to attend Thursday’s jobs announcement.
A franchisee has filed suit against Indianapolis-based Steak n Shake in an effort to raise its menu prices because it says all of its restaurants are losing money.
A private-investigations firm hired by Peyton Manning’s lawyers is facing a broadcaster’s petition to turn over information it uncovered about a documentary.
Local tech industry entrepreneurs and investors Bill Godfrey and Mark Hill expect their day-to-day involvement to take the Carmel-based software-as-service firm to the next level.