United States

The Cheesecake Factory won’t make April rent because of coronavirus restrictions

One of America’s most popular restaurants, The Cheesecake Factory, reportedly cannot afford April’s rent at any of its nearly 300 locations due to the financial strain caused by the coronavirus pandemic. The Cheesecake Factory’s founder and CEO, David Overton, notified the company’s landlords of their inability to pay in a March 18 letter obtained by Eater. Overton said the company’s revenue took a hit as some restaurants were forced to close in accordance with government restrictions that have been imposed across the country to prevent the spread of the virus. Restaurants that have remained open are only able to provide delivery and takeout services, he said. “The severe decrease in restaurant traffic has severely decrea ...