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Activist Urges Cheesecake Factory to Consider Breakup

Oct 21 - Houston-based activist investor JCP Investment Management is urging Cheesecake Factory to explore the possibility of creating a separate public company by spinning off three of its smaller brands, according to a report by the Wall Street Journal on Monday. JCP Investment Management, which has built roughly a 2% stake in Cheesecake Factory, has privately told executives that North Italia, Flower Child, and Culinary Dropout brands would be better off as a separate company, WSJ reported, citing people familiar with the matter. Cheesecake Factory did not immediately respond to a request for comment. Its shares were up about 3% in after-hours trading.

Activist Urges Cheesecake Factory to Consider Breakup

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JCP Investment Management, which has built roughly a 2% stake in Cheesecake Factory, has privately told executives that North Italia, Flower Child, and Culinary Dropout brands would be better off as a separate company, WSJ reported, citing people familiar with the matter.   Cheesecake Factory did not immediately respond to a request for comment. Its shares were up about 3% in after-hours trading. 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