The Cheesecake Factory acquired Fox Restaurant Concepts for $353m.

The Cheesecake Factory, an American restaurant company and distributor of cheesecakes based in the United States, acquired Fox Restaurant Concepts, a US restaurant operator, for $353m. Sam Fox, Founder and Chief Executive Officer of Fox Restaurant Concepts, said, “This partnership will be the first of its kind for the restaurant industry. David Overton and I quickly realized the magic occurring between our organizations while we worked through North Italia’s integration. With our aligned cultures and philosophies, The Cheesecake Factory is the right partner to embrace our creative spirit, enabling us to innovate concepts, while providing the infrastructure and capital to scale.”