Cheesecake Factory (CAKE) shares jumped Tuesday morning after the casual dining chain said it plans to open restaurants in the Middle East.
Cheesecake Factory said late Monday it entered into an exclusive licensing agreement with the Kuwait-based Alshaya group to build and operate 22 of its namesake restaurants over the next five years in the United Arab Emirates, Kuwait, Bahrain, Qatar and the Kingdom of Saudi Arabia.
LWDLIK- Yessssssssss!
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