...The Calabasas Hills-based company informed all of its landlords in a letter dated March 18 (reproduced below) that a severe decline in restaurant traffic has decreased its cash flow and “inflicted a tremendous financial blow” to business. Cheesecake Factory’s affiliated restaurants, such as Rock Sugar and North Italia, will also not make April 1 rent payments....

Let them eat cheesecake.

https://la.eater.com/2020/3/25/21194144/cheesecake-factory-rent-strike-chain-restaurant

#covid19 #coronavirus #rent #cheesecakeFactory #restaurants #economicImpacts

Cheesecake Factory tells landlords it won’t be able to pay rents on April 1

The chain restaurant says closed dining rooms and "extraordinary events" are the reason for not paying rents

The Cheesecake Factory Tells Landlords Across the Country It Won’t Be Able to Pay Rent on April 1