Steak ‘N Shake
The casual burger chain operates in the USA, the Middle East, and Southwest Europe. Steak ‘N Shake was founded by Gus Belt in Normal, Illinois in 1934 but it is now owned by Biglari Holdings. Its headquarters is currently located in Indianapolis, Indiana. Out of the 628 restaurants that Steak ‘N Shake has, 214 are franchised. The chain also has nearly 21,000 employees. It has been announced that several dozen stores would be closing down temporarily until the restaurant are able to find new franchise partners.
Steak ‘N Shake
Red Robin
In 1969, the burger chain Red Robin was founded in Seattle, Washington, and ten years later, it opened its first franchised restaurant in Washington. Currently, the company has 562 restaurants, 90 of which are franchises. The chain has some Canadian locations as well, and its current headquarters are in Colorado. Red Robin has announced it would be shutting down 35 restaurants as well as laying off quite a number of top HQ employees to stave off losses it incurred from COVID-19. For now, the casual dining chain still rejects the activist investors’ suggestions closing down the entire company.
Red Robin
