In August 2008, Biglari took over Steak n Shake, which had been “losing more than $100,000 a day in 2009 to making more than $100,000 a day in 2010, according to Biglari’s 2010 letter to shareholders.”[1] By 2015, the company had attained 24 consecutive quarters of same-store sales increases under Biglari.[2] However, for fiscal 2017 and 2018, the Steak n Shake division had returned to same-store sales contraction.[3] The company is now selling “franchises” claiming they will split profits 50% / 50% with the investors who put in $10,000.
Maximedit
On February 27, 2014, Maxim magazine was bought by Biglari who commented, "We plan to build the business on multiple dimensions, thereby energizing our readership and viewership."[4] In January 2016, Biglari officially took over as editor-in-chief of Maxim, though a Maxim staffer said that the new masthead title just formalizes what has always been clear: Biglari exercises full editorial control over Maxim. At one point last year, the staffer said, he decided to throw out a nearly complete version of the December issue in order to completely redesign the magazine.[5] On January 13, 2016, Gilles Bensimon joined Biglari as a special creative director. "What drew me to Maxim was Sardar's vision for the brand," said Bensimon.[6]
First Guard Insuranceedit
On March 19, 2014, Biglari purchased First Guard Insurance Company. First Guard Founder and CEO Ed Campbell said: " I couldn't imagine a better, more fitting owner of First Guard."[7]
Southern Pioneer Property and Casualty Insuranceedit
In 2020, Biglari acquired Southern Pioneer Property & Casualty Insurance Co. from the Hyneman family who will continue to operate the company. Since 1981, Southern Pioneer has grown from $500,000 in capital and surplus and zero premium to over $18,000,000 capital and surplus with written premium in excess of $24,000,000 in 2015.[8]
Southern Oil of Louisianaedit
In September 2019, Biglari acquired Southern Oil of Louisiana Inc. for $51.5 million.[9]
Referencesedit
^. Archived from the original on 2016-01-29. Retrieved 2016-01-22.
^"Steak 'n Shake Achieves 24th Consecutive Quarter Of Same-Store Sales Growth". Prnewswire.com. Retrieved 2017-06-23.
^"Biglari Holdings Form 10-K". Securities and Exchange Commission. Biglari Holdings. Retrieved 19 May 2019.
^Jefferson, Greg (2014-03-07). "Biglari's 'Maxim' purchase is a classic 'alpha-dog' move – San Antonio Express-News". Expressnews.com. Retrieved 2017-06-23.
^Sterne, Peter (2016-01-08). . Capitalnewyork.com. Archived from the original on 2016-05-06. Retrieved 2017-06-23.
^Alexandra Steigrad (2016-01-13). "Maxim Taps Gilles Bensimon as Special Creative Adviser – WWD". Wwd.com. Retrieved 2017-06-23.
^"Biglari Holdings Inc. Acquires First Guard Insurance Company". Prnewswire.com. Retrieved 2017-06-23.
^"Arkansas' Southern Pioneer P/C Insurance Acquired by Biglari; Ratings Unchanged". 16 March 2020.
^"Has San Antonio's Sardar Biglari lost his touch?". 7 July 2020.
External linksedit
Official website
Business data for Biglari Holdings:
Bloomberg
Google
Reuters
SEC filings
Yahoo!
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biglari, holdings, american, holding, company, headquartered, antonio, texas, founded, entrepreneur, sardar, biglari, major, subsidiaries, include, steak, shake, maxim, magazine, first, guard, insurance, western, sizzlin, company, typepublictraded, asnyse, cla. Biglari Holdings Inc is an American holding company headquartered in San Antonio Texas founded by entrepreneur Sardar Biglari Its major subsidiaries include Steak n Shake Maxim magazine First Guard Insurance and Western Sizzlin Biglari Holdings Inc Company typePublicTraded asNYSE BH A Class A NYSE BH Class B S amp P 600 Component BH Russell 2000 Index Component BH A IndustryConglomerateHeadquartersSan Antonio Texas United StatesKey peopleSardar Biglari Founder SubsidiariesSteak n ShakeWestern Sizzlin MaximFirst Guard InsuranceWebsitewww biglariholdings com Contents 1 Steak n Shake 2 Maxim 3 First Guard Insurance 4 Southern Pioneer Property and Casualty Insurance 5 Southern Oil of Louisiana 6 References 7 External linksSteak n Shake editIn August 2008 Biglari took over Steak n Shake which had been losing more than 100 000 a day in 2009 to making more than 100 000 a day in 2010 according to Biglari s 2010 letter to shareholders 1 By 2015 the company had attained 24 consecutive quarters of same store sales increases under Biglari 2 However for fiscal 2017 and 2018 the Steak n Shake division had returned to same store sales contraction 3 The company is now selling franchises claiming they will split profits 50 50 with the investors who put in 10 000 Maxim editOn February 27 2014 Maxim magazine was bought by Biglari who commented We plan to build the business on multiple dimensions thereby energizing our readership and viewership 4 In January 2016 Biglari officially took over as editor in chief of Maxim though a Maxim staffer said that the new masthead title just formalizes what has always been clear Biglari exercises full editorial control over Maxim At one point last year the staffer said he decided to throw out a nearly complete version of the December issue in order to completely redesign the magazine 5 On January 13 2016 Gilles Bensimon joined Biglari as a special creative director What drew me to Maxim was Sardar s vision for the brand said Bensimon 6 First Guard Insurance editOn March 19 2014 Biglari purchased First Guard Insurance Company First Guard Founder and CEO Ed Campbell said I couldn t imagine a better more fitting owner of First Guard 7 Southern Pioneer Property and Casualty Insurance editIn 2020 Biglari acquired Southern Pioneer Property amp Casualty Insurance Co from the Hyneman family who will continue to operate the company Since 1981 Southern Pioneer has grown from 500 000 in capital and surplus and zero premium to over 18 000 000 capital and surplus with written premium in excess of 24 000 000 in 2015 8 Southern Oil of Louisiana editIn September 2019 Biglari acquired Southern Oil of Louisiana Inc for 51 5 million 9 References edit Who is Sardar Biglari QSR magazine Archived from the original on 2016 01 29 Retrieved 2016 01 22 Steak n Shake Achieves 24th Consecutive Quarter Of Same Store Sales Growth Prnewswire com Retrieved 2017 06 23 Biglari Holdings Form 10 K Securities and Exchange Commission Biglari Holdings Retrieved 19 May 2019 Jefferson Greg 2014 03 07 Biglari s Maxim purchase is a classic alpha dog move San Antonio Express News Expressnews com Retrieved 2017 06 23 Sterne Peter 2016 01 08 Maxim to name owner Sardar Biglari editor in chief POLITICO Media Capitalnewyork com Archived from the original on 2016 05 06 Retrieved 2017 06 23 Alexandra Steigrad 2016 01 13 Maxim Taps Gilles Bensimon as Special Creative Adviser WWD Wwd com Retrieved 2017 06 23 Biglari Holdings Inc Acquires First Guard Insurance Company Prnewswire com Retrieved 2017 06 23 Arkansas Southern Pioneer P C Insurance Acquired by Biglari Ratings Unchanged 16 March 2020 Has San Antonio s Sardar Biglari lost his touch 7 July 2020 External links editOfficial website Business data for Biglari Holdings BloombergGoogleReutersSEC filingsYahoo nbsp This US based restaurant or restaurant chain article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Biglari Holdings amp oldid 1106242465, wikipedia, wiki, book, books, library,
