Activist Investor Biglari Renews Campaign Against Cracker Barrel Leadership

Sardar Biglari has launched his eighth campaign to gain control over restaurant chain Cracker Barrel Old Country Store, marking another chapter in the investor’s persistent activist efforts. The CEO of Biglari Holdings is publicly challenging the company’s leadership, a move creating significant attention within the investment community and the broader restaurant sector.

The conflict centers on a rebranding initiative that Biglari has labeled “obvious nonsense” and a threat to the company’s brand heritage. He is now urging Cracker Barrel shareholders to vote against the reelection of CEO Julie Felss Masino and Director Gilbert Dávila. The campaign took a particularly public turn when Biglari’s own Steak ‘n Shake chain displayed a billboard in Nashville featuring Cracker Barrel’s new... Read more...