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Article: Steak n Shake to get parent's full attention

Article from:
Indianapolis Business Journal
Article date:
September 25, 2000
Author:
Copyright

Consolidated Products Inc.'s recent decision to shed its specialty restaurants division will end a 15-year diversification experiment at the locally based company.

That experiment saw Consolidated, which owns the Steak n Shake chain, tinker with a multitude of casual dining concepts-from the Hardwood Grill and Snaxx Fifth Avenue to Gold Rush and Carlos Sweeney's.

Those names have come and gone, but the Steak n Shake brand has endured, convincing the company it was time to concentrate on what it does best.

"Steak n Shake has been our vehicle for growth and that's where we intend to focus our attention," company spokesman Victor Yeandel said.

Consolidated announced Sept. 18 that it will close ...

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