The Cheesecake Factory Expands International Development

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Oct 27, 2022

The+Cheesecake+Factory+Incorporated (NASDAQ: CAKE) today announced the expansion of its existing development agreement with Hong Kong-based Maxim’s Caterers Limited to include Thailand. In 2014, The Cheesecake Factory® entered into its agreement with Maxim’s which initially provided for the development of a minimum of 14 restaurants in Hong Kong, Macao, Taiwan and the People’s Republic of China. The new agreement includes development of a minimum of 18 restaurants across the expanded development area by 2028.