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Corporate Battles and Branding Chaos: The Ongoing Tug-of-War at Cracker Barrel and Beyond

The High Stakes Proxy Fight

Cracker Barrel Old Country Stores finds itself embroiled in a fierce corporate showdown that has captivated industry watchers and shareholders alike. At the heart of the controversy is activist investor Sardar Mclori, renowned for owning Steak and Shake, who has been pushing for significant change within the southern-style restaurant chain. Mclori’s long-standing campaign, spanning over 15 years, underscores a persistent struggle between traditionalists and reformers seeking to steer the brand back to its roots.