The Cheesecake Factory Inc. (Nasdaq: CAKE) has made a minority growth investment in restaurant chains North Italia and Flower Child, which are both owned by Fox Restaurant Concepts LLC. The transaction allows the Cheesecake Factory to potentially acquire a majority or full ownership stake in both brands.
North Italia, founded in 2002, is known for pizza and other Italian dishes like grilled branzino. The chain operates nine restaurants across Arizona, Texas, Colorado and California. Flower Child, founded in 2014, is known for salads, bowls and wraps. The company has five locations spread across Arizona, Texas and California. Phoenix-based Fox Restaurant will continue to operate both chains.