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Stock impact report

Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory [Forbes]

The Cheesecake Factory Incorporated (CAKE) 
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thecheesecakefactory.com
Company Research Source: Forbes
Savvy Restaurateur Sam Fox Sells His Business To The Cheesecake Factory Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business. He's been nominated 11 times for the James Beard Award as Outstanding Restaurateur, and he has been featured on the Power List at Nation's Restaurant News. His restaurants range from comfortable, all-day hangouts for business executives and ball players, to fast casual spots with clean food frequented by milliennials and fitness enthusiasts, and hopping taco joints. Earlier this year, Fox talked about doubling the size of his restaurant empire by 2022. Instead, he surprised the food world on Wednesday announcing he was selling his entire business to The Cheesecake Factory, already set to take on two of his brands. The deal is worth $353 million — $308 million paid up front in cash, and an additional $45 million to be paid over the next four years. In a news release, the two companies said they expected the Show less Read more
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