Biglari Holdings Inc. is an American

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

headquartered in

San Antonio, Texas ("Cradle of Freedom") , image_map = , mapsize = 220px , map_caption = Interactive map of San Antonio , subdivision_type = Country , subdivision_name = United States , subdivision_type1= State , subdivision_name1 = Texas , subdivision_ ...

, founded by entrepreneur

Sardar Biglari Sardar Biglari ( fa, سردار بیگلری; born August 30, 1977) is an American entrepreneur and is the founder, chairman and CEO of Biglari Holdings,

. Its major subsidiaries include Steak 'n Shake, ''

Maxim Maxim or Maksim may refer to: Entertainment * ''Maxim'' (magazine), an international men's magazine ** ''Maxim'' (Australia), the Australian edition ** ''Maxim'' (India), the Indian edition *Maxim Radio, ''Maxim'' magazine's radio channel on Sir ...

'' magazine, First Guard Insurance, and

Western Sizzlin' Western Sizzlin’, stylized as WesterN SizzliN, is a chain of privately held and publicly held retail buffet restaurants and steakhouses, with its headquarters in Roanoke, Virginia. The company has 46 franchise establishments located across 13 U. ...

Steak n Shake

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.” By 2015, the company had attained 24 consecutive quarters of same-store sales increases under Biglari. However, for fiscal 2017 and 2018, the Steak n Shake division had returned to same-store sales contraction. The company is now selling “franchises” claiming they will split profits 50% / 50% with the investors who put in $10,000.

''Maxim''

On February 27, 2014, ''

'' magazine was bought by Biglari who commented, "We plan to build the business on multiple dimensions, thereby energizing our readership and viewership." In January 2016, Biglari officially took over as

editor-in-chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ...

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. On January 13, 2016,

Gilles Bensimon Gilles Francis Charles Bensimon (; born 29 February 1944) is a French fashion photographer and the former International Creative Director of ''Elle'' magazine. He has also been the photographer on the reality television series ''America's Next To ...

joined Biglari as a special creative director. "What drew me to ''Maxim'' was Sardar's vision for the brand," said Bensimon.

First Guard Insurance

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."

Southern Pioneer Property and Casualty Insurance

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.

Southern Oil of Louisiana

In September 2019, Biglari acquired Southern Oil of Louisiana Inc. for $51.5 million.

References

External links

* * Companies listed on the New York Stock Exchange Conglomerate companies of the United States Holding companies of the United States Companies based in San Antonio {{US-restaurant-stub