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Finance

The Cheesecake Factory Sees Potential for 200 North Italia Locations

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.

Fazoli’s Keeps Sales Momentum Going

Fazoli’s continues to have the edge on its competitors with impressive sales numbers this summer, as the brand saw a 4.5 percent increase in franchise sales, with company locations increasing 4.1 percent in June.

Sales Continue to Grow at Fazoli's

Thanks to a loyal fan base and continued menu and technology innovations, Fazoli’s saw a 6.2 percent increase in franchise sales, with company locations increasing 4.8 percent in May. This success is being attributed to successful limited-time menu launches, investments in new opportunities to bring the brand to guests like third-party delivery and a system-wide brand refresh.

Mozzarella Store, Pizza & Caffè Sets May Opening Date in Chicago

Opening May, the Mozzarella Store, Pizza & Caffè (822 N. Michigan), is a restaurant and specialty retail shop in the heart of Chicago steps from Michigan Avenue. Unique to the U.S., the Mozzarella Store offers fresh-made-daily “Fior di Latte” mozzarella and burrata, along with fresh and aged Italian cheeses made from local organic milk, created the traditional Italian way.

Fratelli Beretta Introduces Prosciutto di Carpegna DOP to LA Market

Renowned family-owned Italian salumi purveyor Fratelli Beretta introduced Prosciutto di Carpegna DOP to the Los Angeles market for the first time in brand history. Following its New York launch in late 2018, Prosciutto di Carpegna is now featured on menus at prominent Los Angeles restaurants as well as available for purchase in limited quantities at Eataly Los Angeles and select Gelson’s Market locations.

Calios to Buy Nation’s Largest Calzone Franchise

The owners of D.P. Dough, the nation’s largest calzone franchise and third largest college-focused restaurant chain, have inked an agreement to sell the company to Calios, a 13 unit competing calzone chain.