The Cheesecake Factory is more than a staple of US shopping malls – it's a sign of financial health.
Malls without a Cheesecake Factory were much more likely to be behind on their loans, Moody's found.
AdvertisementAdvertisementThe Cheesecake Factory first opened in Beverly Hills, California, in 1978 and has since grown to more than 200 restaurants across North America.
The chain is typically located in or near shopping malls — a commercial real estate segment that has seen a rough few years with changing shopping patterns.
To see how that relationship plays out in real life, I headed off for lunch at my local Cheesecake Factory at the West Towne Mall in Madison, Wisconsin.
Persons:
Moody's, —, Matt Reidy, Reidy
Organizations:
Service, Sears, Nordstroms, Apple, Factory, West
Locations:
Beverly Hills , California, North America, West Towne, Madison , Wisconsin