The Cheesecake Factory said it can’t afford to pay rent for nearly 300 restaurants in April due to the fallout from the coronavirus pandemic.
Cheesecake Factory chairman and CEO David Overton told landlords on March 18 that a “severe decrease in restaurant traffic” triggered a significant “financial blow” during the CCP virus outbreak. A number of locations around the country were forced to shut down totally, while only some can serve delivery and takeout.
