The Cheesecake Factory, a massively popular chain restaurant, will not be making their rent payments in April.
The company informed its landlords in a letter on March 18 that the decline of cash flow “inflicted a tremendous financial blow” to the chain amid the global pandemic, and they will not be able to make rent on April 1, according to Eater. “Due to these extraordinary events, I am asking for your patience, and frankly, your help.
Unfortunately, I must let you know that The Cheesecake Factory and its affiliated restaurant concepts will not make any of their rent payments for the month of April 2020…we appreciate our landlords’ understanding given the exigency of the current situation,” wrote CEO David Overton. “In these unprecedented
Read more on justjared.com