Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the smartest owners in the food business.
Sam Fox, the Phoenix-based restaurateur, has a reputation as one of the savviest owners in the food business.
The deal is worth $353 million — $308 million paid up front in cash, and an additional $45 million to be paid over the next four years.during the third quarter.Long before vegetarian and vegan dishes were on many menus, he turned the clean eating trend into two Phoenix restaurant chains, True Food Kitchen and Flower Child.
In January, Fox Restaurant Concepts had 54 restaurants across a number of brands, and it was planning to open 24 more in 2019 and 2020. But now, it's acquiring the entire company, which includes The Henry, a group of upscale, all-day restaurants in Arizona, Texas and California; Blanco Tacos & Tequila, sit down restaurants with innovative Mexican-inspired food, and the Arrogant Butcher, a craft cocktail bar and restaurant.
Fox Restaurant Concepts will operate as a stand-alone brand within Cheesecake, and Fox will run it from Phoenix. Fox said he and Overton"quickly realized the magic occurring between our organizations" during the North Italia transaction.
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