SAN ANTONIO, March 27, 2015 /PRNewswire/ -- Steak 'n
Shake, the pioneer of the premium burger segment in the restaurant
industry, announced today that Steak 'n Shake will open 15 new
locations in Pakistan.
Steak 'n Shake has signed an exclusive agreement with FM Foods
Pvt. Ltd., an affiliate of MJ Holdings, to bring the "better
burger" chain to Pakistan. The
agreement is part of a continued expansion of Steak 'n Shake by
Biglari into International markets. MJ Holdings incorporated
FM Foods for the Steak 'n Shake expansion and owns other companies
in food service, financial services, and media services.
"FM Foods is the perfect partner to introduce the Steak 'n Shake
premium burger and milkshake experience to Pakistan" said Jim
Flaniken, Sr. Vice President of Marketing for Steak 'n
Shake.
The brand, famous for its Steakburgers, fresh fries and
traditionally hand-dipped Milkshakes (voted #1 by ZAGAT), is a top
5 performer in the "QSR 50 Burger Segment" based on average sales
per restaurant, according to the latest QSR Magazine rankings.
"We are very excited to introduce Steak 'n Shake to the
Pakistani consumer who appreciates high quality and taste," said
Mr. Wasim Ahmed, Director with FM
Foods. "Steak 'n Shake is an 80-year-old American brand that is
synonymous with freshness and quality. We pledge to offer the Steak
'n Shake menu at the best possible prices without ever compromising
on quality."
Steak 'n Shake expects to open its first locations in
Lahore in 2015.
About Steak 'n Shake
Steak 'n Shake, a classic American brand, serves premium burgers
and shakes in more than 500 restaurants across the country and the
world. Since 1934, Steak 'n Shake has served hand-crafted, premium
Steakburgers and hand-dipped milkshakes. Steak 'n Shake is a
Biglari Holdings company (NYSE: BH).
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SOURCE Steak 'n Shake