The Cheesecake Factory began its international expansion with Kuwait based Alshaya Group. The first three locations began operating in 2012.
"We are delighted to be the company's initial licensee to develop and operate this outstanding restaurant concept internationally. The quality and popularity of The Cheesecake Factory brand, coupled with our local market expertise, as well as our track record of launching and operating high profile American brands in the Middle East, produces a winning combination," said Mohammed Alshaya, the Chairman of the retail division of Alshaya.
"Our agreement with Alshaya provides us with another avenue for growth and will enhance our ability to continue delivering shareholder value," said David Overton, Chairman and CEO.
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Our agreement with Alshaya provides for the development of 22 restaurants by 2016 in five countries - United Arab Emirates, Kuwait, Bahrain, Qatar and the Kingdom of Saudi Arabia.