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The Cheesecake Factory invests in growth concepts

Published 11/14/2016, 05:24 PM
The Cheesecake Factory invests in growth concepts
CAKE
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  • The Cheesecake Factory (NASDAQ:CAKE) announces that it entered into a strategic relationship with Fox Restaurant Concepts LLC to invest in the North Italia and Flower Child brands.
  • The deal will see Cheesecake Factory make an initial minority equity investment and provide ongoing growth capital for the concepts, while Fox will continue to manage the day-to-day operations of both chains.
  • The agreements allow for the company to potentially acquire a future majority or full ownership position in either or both concepts.
  • The transactions are not expected to have a material impact on the financial condition of The Cheesecake Factory for the foreseeable future.
  • Source: Press Release

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