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QC Steak 'n Shake's will soon go to self-service kiosks


Steak n Shake is shaking things up. They have had plans to move to a self service model for awhile, but the pandemic is helping speed up that process. This new self service model will include kiosks that will allow customers to order and pickup their own orders.
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If you re a fan of sitting down and having a server getting your food, drinks, and milkshakes at Steak n Shake, well that might not be an option in the future.
Steak n Shake s parent company Biglari Holdings announced in an annual letter from the Chairman of the Board, Sardar Biglari, that locations will begin installing kiosks. These kiosks will allow customers to place orders and and pickup their own orders. ....

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Steak 'n Shake Taps Adviser for Possible Debt Restructuring -- Update


By Alexander Gladstone and Aisha Al-Muslim
Steak n Shake Inc. is preparing for a possible financial restructuring and has hired an advisory firm to evaluate options as the Covid-19 pandemic continues to hit the casual-dining sector hard, according to people familiar with the matter.
The Indianapolis-based burger-and-milkshake chain hired FTI Consulting Inc. to advise on a restructuring strategy, the people said. Steak n Shake, owned by entrepreneur Sardar Biglari s eponymous holding company, has struggled with restrictions on indoor dining and has a $153 million loan coming due in March, they said.
Steak n Shake, Biglari Holdings Inc., and FTI didn t immediately respond to requests for comment. Biglari Holdings said in a November securities filing that Steak n Shake may not be able to refinance its loan before the March maturity. ....

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