Cheesecake Factory tells landlords it won't be paying rent in April

Published: 26/03/2020
Cheesecake Factory tells landlords it won't be paying rent in April
Source: BOINGBOING.NET

The Cheesecake Factory, with more than 200 restaurants across the U.S. and more than $2bn in annual revenues, today warned its landlords they will not be getting rent in April . 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 bl

Read more
Related news
Comment
Latest in blog
FACEBOOK