who owns steak and shake

Steak 'n Shake is owned by Biglari Holdings, a diversified holding company led by CEO Sardar Biglari. Biglari Holdings acquired Steak 'n Shake in 2008 and operates it as a wholly owned subsidiary. The company has shifted toward franchising its restaurants under Biglari Holdings' ownership while maintaining the brand's focus on premium steakburgers and milkshakes.