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Cracker Barrel's fork in the roadCracker Barrel's fork in the road

Activist investor, chief executive butt heads on chain's future

Alan Liddle, Senior Data & Events Editor

December 5, 2011

4 Min Read
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Alan J. Liddle

Sparring has intensified between Cracker Barrel Old Country Store Inc. and activist investor Sardar Biglari, just ahead of the family-dining company’s Dec. 20 shareholders meeting, which will reveal whether Biglari gains a board seat and continues to push for change.


The outcome of the proxy contest could dictate the future for Cracker Barrel, as Biglari is known to garner total control over his investments. He sought, and received, control over Steak ‘n Shake, which he then folded into Biglari Holdings Inc. after merging the burger-and-shake chain with Western Sizzlin. Biglari also was involved with massive corporate changes at Friendly Ice Cream Corp. when he unsuccessfully tried to win control of that brand, well ahead o...

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About the Author

Alan Liddle

Senior Data & Events Editor

Alan is Senior Data & Events Editor for The Restaurant & Food Group within Informa Connect, including Nation’s Restaurant News, Restaurant Hospitality, Food Management and Supermarket News. He joined NRN in 1984, covering the Pacific Northwest, and later added chief photographer duties, initiated NRN’s regular technology coverage, was on the development team for NRN.com and generated content for NRN’s early podcasting initiative, Podcast Central, beginning in 2006. Alan is senior researcher and data analyst for NRN and Supermarket News market data products, including Top 200 and SN75, and helps develop and present educational programs for conferences and webinars. A graduate of California State University at Fullerton and a former daily and weekly newspaper reporter, he resides in Salinas, Calif.

 

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