Calabasas Hills, Calif. — The Cheesecake Factory Incorporated has entered into definitive agreements to acquire Fox Restaurant Concepts (FRC) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining. The transactions will be completed for $308 million. “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,” says David Overton, chairman and CEO of The Cheesecake Factory Incorporated. …
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Calabasas Hills, Calif. — The Cheesecake Factory Incorporated’s executive vice president and chief financial officer, W. Douglas Benn, will retire from the company on July 7, 2017. He will be succeeded by Matthew Clark, who brings over 11 years of experience with the company, most recently serving as senior vice president, finance and strategy.