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Steak 'n Shake to permanently close 57 restaurants

Steak 'n Shake is losing dozens of its locations due to financial woes.

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Steak 'n Shake is losing dozens of its locations due to financial woes.

The chain's parent company announced Monday that 57 of its restaurants will be permanently shut down.

The closings were caused by the coronavirus-stricken economy.

A document didn't name which locations were affected.

Steak 'n Shake started 2020 with 553 restaurants. Last year, it had 624.

Despite the pandemic, takeout and drive-thru services remained open for most stores in the chain, The Indianapolis Star reported.

The company's first franchise debuted in 1939.

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Hearst TV contributed to this report.