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Mulboyne wrote:[floatl][/floatl]Cheese Cake Factory, a leading cheesecake chain, today filed for bankruptcy. Well-known for their wrapped cheesecake bars,
Doctor Stop wrote:Cinnabon came and went.
Mulboyne wrote:There are other stores on the US bases but I believe they are directly managed by the US company.
Bucky wrote:I presume the Japanese variety of the Cheesecake Factory and the one in the U.S. are not related --
or are they?:confused:
Japan’s biggest chain of cheesecake restaurants has collapsed with huge debts as East Asian dairies try to cope with the soaring cost of milk. The collapse of the Tokyo-based Cheese Cake Factory (CCF) chain makes it the first big victim of a predicament that analysts believe will get worse through 2008. Buckling under 1.3 billion yen (£6 million) in debts, CCF was forced to close its doors because the price that it pays for cheese has almost doubled in a year...Japan imports about 90 per cent of its cheese and within the past few weeks prices of bellwethers such as Australian cheddar have risen so much that they threaten to derail the business models of food producers and restaurants. Australian cheddar prices for the first half of 2008 were set yesterday at US $5,700 (£2,888 ) per tonne, a jump from last year’s $3,000 that has caught the Japanese food industry off guard and unable to pass such steep rises on to consumers. A spokesman for Japan’s Snow Brand Milk admitted that, at $5,700 a tonne, Japan’s 290,000 tonne-a-year cheese habit was causing dramatic changes to the nation’s food makers. Australian imports made sense when they were far below the $4,250 that it cost Japanese makers to produce a tonne of cheddar using domestic milk. The company is now investing heavily in building cheese factories in Japan to take advantage of home-grown dairy herds that used to be too expensive to consider exploiting...more...
Actually, those 'cheese sticks' are oddly delicious! We have a 36 Sticks shop near my place. It's like cheesecake sushi!Mulboyne wrote:..Those "cheese bars" were oddly popular and I think some convenience stores even sold them...
Lotte Holdings Co. said Friday it has signed an agreement to acquire cake store chain Ginza Cozy Corner Co., expanding into cake production and sales. Lotte Holdings, the owner of confectioner Lotte Co., said it will buy all Ginza Cozy Corner shares from its founding family and other shareholders and send a management team to the cake store chain. The deal is estimated at 20 billion yen. Lotte Holdings will take over the brand and employees of Ginza Cozy Corner, and take advantage of the cake store chain's know-how for developing new products. Ginza Cozy Corner has opened nearly 350 cake stores primarily in eastern Japan. Its sales totaled 31.6 billion yen in the year ended last August.
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