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Rachel Taylor

Why Cheesecake Factory Took a $353M Gamble on Fox Restaurants

As The Cheesecake Factory wrapped up its second quarter of fiscal 2019, it announced a multi-million dollar deal to acquire Fox Restaurant Concepts and the remaining interest of North Italia. Instead of continuing as an investor, The Cheesecake Factory’s leadership decided it would be more beneficial to acquire renowned restaurateur Sam Fox’s company.

Firm Takes Minority Stake in Cooper's Hawk

Private equity firm Ares Management Group confirmed July 23 that it had made an investment in Cooper’s Hawk Winery & Restaurants. In the deal, Ares bought a minority stake from Connecticut-based KarpReilly, who has held a minority position since 2009.

'On-the-Go' Diners are Focus of US Foods’ Summer Scoop Lineup

Diners are increasingly on the move and eating on the go, which means they’re thinking more and more about convenience and choosing restaurants that offer easy off-premises solutions. In order for restaurants to cater to the changing needs of diners, they need to think about inventive solutions to expand their off-premises offerings whether that’s through takeout or delivery.

Perkins Wants to Oust One of Its Biggest Franchisees

After failing to comply with its franchise agreement, one of Perkins’ largest operators could be forced to close 26 locations. Perkins is suing Campbell Land Co., which operates Perkins locations in Ohio (10), Pennsylvania (15), and New York (one), to shutter those stores after not paying royalties and making upgrades.