The Cheesecake Factory Announces Plans for Third Bakery Production Facility
25 Octubre 2023 - 8:00AM
Business Wire
New Site Acquired in Charlestown, Indiana
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today
announced that it has acquired a 37 acre site in Charlestown,
Indiana where it plans to develop its third bakery production
facility. Once constructed, the facility will produce The
Cheesecake Factory’s world-famous cheesecakes and signature bakery
products for its restaurants and other foodservice wholesalers,
retailers and distributors, in addition to providing anticipated
distribution efficiencies for the Company.
“We are very pleased to locate our new bakery production
facility in Charlestown, Indiana,” said David Overton, Founder,
Chairman and CEO of The Cheesecake Factory Incorporated. “This year
is the 51st anniversary of my parents opening the first Cheesecake
Factory Bakery, and it also marks the 45th anniversary of opening
our first restaurant in Beverly Hills. Over the last half century
our desserts have developed a reputation around the world, and we
are so pleased that we’ll have a third bakery production facility
to support our domestic and international growth into the
future.”
The Company worked closely with the River Ridge Development
Authority to complete the land acquisition within the River Ridge
Commerce Center and will continue to work collaboratively as it
transitions into the next phases of the project beginning next
year. “The River Ridge Commerce Center has been very receptive, and
we were happy to come to an agreement. We look forward to being
part of the local community and generating new employment
opportunities in the area,” said Overton.
“This commitment by The Cheesecake Factory to bring its bakery
production facility to River Ridge is a major moment for the
commerce center and exemplifies the investment and rapid growth
we’re creating on the Charlestown side of River Ridge,” said Jerry
Acy, River Ridge Development Authority Executive Director. “It is
truly a pleasure working with David Overton and his team at The
Cheesecake Factory, and I am proud of what this partnership brings
to Southern Indiana and the region.”
About The Cheesecake Factory Incorporated
The Cheesecake Factory is a leader in experiential dining. We
are culinary forward and relentlessly focused on hospitality.
Delicious, memorable experiences created by passionate people –
this defines who we are and where we are going. We currently own
and operate 324 restaurants throughout the United States and Canada
under brands including The Cheesecake Factory®, North Italia® and a
collection within our Fox Restaurant Concepts business.
Internationally, 31 The Cheesecake Factory® restaurants operate
under licensing agreements. Our bakery division operates two
facilities that produce quality cheesecakes and other baked
products for our restaurants, international licensees and
third-party bakery customers. In 2023, we were named to the FORTUNE
Magazine "100 Best Companies to Work For®" list for the tenth
consecutive year. To learn more, visit
www.thecheesecakefactory.com, www.northitalia.com and
www.foxrc.com.
From Fortune ©2023 Fortune Media IP Limited. All rights
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Companies to Work For are registered trademarks of Fortune Media IP
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Limited are not affiliated with, and do not endorse products or
services of, The Cheesecake Factory Incorporated.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including without limitation, the anticipated benefits of the
third bakery production facility and ongoing work related to the
bakery project. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by forward-looking statements,
including risks that the project may be disrupted or delayed and
factors impacting anticipated distribution efficiencies. Investors
are cautioned that forward-looking statements are not guarantees of
future performance and that undue reliance should not be placed on
such statements. Forward-looking statements speak only as of the
dates on which they were made. The Company undertakes no obligation
to update publicly or revise any forward-looking statements or to
make any other forward-looking statements, whether as a result of
new information, future events or otherwise unless required to do
so by the securities laws. Investors are referred to the full
discussion of risks and uncertainties associated with
forward-looking statements contained in the Company’s filings with
the Securities and Exchange Commission, which are available at
www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20231025300952/en/
Investors The Cheesecake Factory
Incorporated Etienne Marcus 818-871-3000
investorrelations@thecheesecakefactory.com
Media Berk Communications Brooke
Levine / Gabrielle Gaines 732-735-5982 / 917-991-8354
cheesecake@berkcommunications.com
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