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August 15, 2014- By Steven E. Greer
BatteryPark.TV was the first source in the world to properly estimate the valuation of Union Square Hospitality Group, owner of Shake Shack. It was then reported that Leonard Green LP had purchased 40% of USHG.
Reuters is now reporting that USHG will spin off Shake Shack as an IPO. This reporter would be shocked if Goldman Sachs was not the lead. (Is Stephen Starr (owner of El Vez) next up?).
However, Shake Shack has already had trouble expanding at its current small size. The decision to switch the French-fries was a bad one, and they are going back to the original. Other locations have been unwelcome by the communities. Also, will the long lines at Shack Shack be tolerated by people in mainstream America?