News

Chain restaurants including Pizza Hut and Starbucks are permanently closing over 1800 total locations during the pandemic. Here’s the full list of chains.

Restaurant chains were set to suffer major losses since the beginning of the pandemic, and Pizza Hut is the latest chain to announce a wave of permanent closures. Even with dining rooms reopening in some parts of the country, it’s still nearly impossible for casual-dining restaurants to generate a profit […]
Chain restaurants including Pizza Hut and Starbucks are permanently closing over 1800 total locations during the pandemic. Here’s the full list of chains.
News

Steak n’ Shake permanently closes 51 restaurants, continuing the chain’s dangerous downward spiral toward bankruptcy

Steak n’ Shake is permanently closing 51 restaurants, according to parent company Biglari Holdings’ most recent quarterly report. The burger chain has been struggling for the last several years, “temporarily” closing over a hundred locations and haemorrhaging millions of dollars as sales plummet. Steak n’ Shake’s turnaround plan relies on […]
Steak n’ Shake permanently closes 51 restaurants, continuing the chain’s dangerous downward spiral toward bankruptcy
News

Insiders reportedly worry Steak ‘n Shake is headed for extinction, as the chain loses millions and temporarily closes dozens of restaurants and as the CEO fantasizes about eliminating cherries from milkshakes

Steak ‘n Shake is struggling, reporting an $US18.9 million operating loss in the first quarter, following a $US10.7 million loss for all of 2018. Investors are apparently contemptuous of CEO Sardar Biglari, with the Indianapolis Business Journal reporting that insiders are questioning his turnaround plan. Biglari has closed dozens of […]
Insiders reportedly worry Steak ‘n Shake is headed for extinction, as the chain loses millions and temporarily closes dozens of restaurants and as the CEO fantasizes about eliminating cherries from milkshakes