Cracker Barrel Disses Activist Investor
Cracker Barrel fended off a request from Sardar Biglari, who has 20% stake. Biglari, chairman and CEO of Biglari Holdings, sent a Christmas Eve letter of
intent to CEO James Bradford asking that Cracker Barrel put itself up for sale. Biglari also lamented Cracker Barrel’s "Duck Dynasty"’s merchandise flip-flop: the company pulled
items after Phil Robertson’s anti-gay remarks, only to reinstate the products 24 hours later.