American restaurant chain, The Cheesecake Factory Incorporated is all set to acquire Fox Restaurant Concepts and the remaining interest in North Italia, to reinforce its position in experiential dining.
“Since making our initial minority investments in North Italia and Flower Child in 2016, we have not only helped fuel the growth of both brands, but also developed a deep relationship with Sam Fox at Fox Restaurant Concepts,” said David Overton, chairman and CEO of The Cheesecake Factory Incorporated. “We realised the true potential of this relationship as we worked through the integration process for our planned acquisition of North Italia. It became evident that the combination of two of the most experiential and entrepreneurial restaurant companies could drive greater value as one organisation.”
“In turn, we have decided to bring together North Italia and Fox Restaurant Concepts, including Flower Child, with The Cheesecake Factory to reinforce our leadership position in experiential dining. With the power of The Cheesecake Factory brand, infrastructure and growth potential, complemented by an additional growth vehicle in the North Italia concept and an incubation engine to develop concepts of the future, we believe we will be even better positioned to provide our guests with exceptional dining experiences, offer growth opportunities for our respective teams and maximise long-term value for our shareholders. We look forward to continuing to work with Sam to expand the businesses.”
Meanwhile, The Cheesecake Factory reported total revenues worth $602.6 million in the second quarter of fiscal 2019, compared to $587.3 million in the second quarter of fiscal 2018.
In the Middle East, Kuwait-based retail conglomerate MH Alshaya holds the franchise rights for The Cheesecake Factory.
To read more:
CEO’s Agenda: Unlocking the Treasure Chest of Retail Opportunities
Finding the treasure chest of opportunities needs years of journeying through the
January 19, 2024 | By RetailME Bureau
Culinary playbook: On a gastronomic adventure
How is the food service industry in the Kingdom of Saudi Arabia
January 18, 2024 | By RetailME BureauUnveiling Ramadan Bliss: Dalma Mall’s Festival of Shopping begins
Yolk Brands brings East London coffee vibes to Dubai with Southpour Coffee Roasters + Juice Bandits
/ 
Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds
In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the
Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals
Majid Al Futtaim – Retail, which holds the exclusive franchise to operate
In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights
As digital transformation across the retail industry continues to accelerate, the expectations
Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers
BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38
Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour
BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by
/ 
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Yolk Brands, the homegrown hospitality group behind widely successful Pickl, BonBird and
Louis Philippe, renowned for its premium merchandise spanning apparel, footwear and accessories,
Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals
Duo Gastrobar, Dubai’s latest addition to the culinary scene, and the brainchild of culinary visionaries
Previous Article
