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Così CEO Vows to Stem Tide of Red Ink

For overseeing a company that has never posted a profit since going to the public markets, Così president and chief executive RJ Dourney is sure a “glass half full” guy. Despite posting losses for Q4 and year end respectively, Dourney told investors and analysts that the artisanal sandwich operator and franchisor has the strategies in place to be “a cash flow positive enterprise” by the end of 2015.

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Biglari Holdings: Institutional Advisory Firm ISS Recommends Withholding Votes For Sardar Biglari and Biglari Holdings Directors

Institutional shareholder advisory firm, Institutional Shareholder Services (ISS) released its report on the ongoing proxy battle for Biglari Holdings, the quasi holding company that owns the Steak n Shake restaurant company, Maxim magazine, and a significant interest in an investment partnership, managed by CEO Sardar Biglari, that owns approximately 20% of Cracker Barrel’s outstanding shares.

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Biglari Holdings: Institutional Advisory Firm Glass Lewis Recommends Two Groveland Nominees

Institutional shareholder advisory firm, Glass Lewis released its report on the ongoing proxy battle for Biglari Holdings, the quasi holding company that owns the Steak n Shake restaurant company, Maxim magazine, and a significant interest in an investment partnership, managed by CEO Sardar Biglari, that owns approximately 20% of Cracker Barrel’s outstanding shares

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Tech Upgrades, Menu Promos Fuel Sonic Second Quarter

Sonic Corp. said the combination of ongoing menu promotions, a well-received national media strategy and the continued rollout of its digital menu boards and POS systems helped the 3,500-unit operator and franchisor grow second quarter same store sales 11.5%.

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Forbes Highlights Biglari Foibles

Forbes is out with an article today that is sharply critical of Sardar Biglari, accusing the CEO of Biglari Holdings of “plundering the company’s assets” and “hoodwinking shareholders.” A proxy battle for control of Biglari Holdings is shaping up for the April 9th meeting, with Groveland Capital leading the charge against the incumbent board.

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FINANCE & REAL ESTATE DIRECTORY

Franchise Times would like to introduce you to the lenders and real estate advisory sources that are targeting the restaurant industry.

 

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Finance & Real Estate Directory

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Resources

Top 400 Restaurant Franchisee Report Available For Purchase

Produced by the Restaurant Finance Monitor and Technomic, our newly updated report is the most comprehensive analysis and overview of the restaurant franchise industry, helping you develop sales and marketing strategies and identify growth opportunities. Leveraging the Restaurant Finance Monitor 200 and the Technomic Future 200, this report encompasses sales of nearly 10% of the total restaurant industry.

White Papers

The Monitor's library of white papers will make you more knowledgeable on a number of subjects near and dear to your business’ bottom line. Written by experts in their field, these detailed reports provide the latest thinking on everything from international expansion to new technology. Click here for White Papers.