The Cheesecake Factory has told landlords nationwide it won’t be able to pay rent on any of its near-300 properties come April 1 because of the coronavirus pandemic, according to a report on Eater Los Angeles.
The popular restaurant chain said the coronavirus has “inflicted a tremendous financial blow” to its business, according to an email to landlords that Eater Los Angeles obtained.
The Cheesecake Factory has temporarily closed two of its restaurants in response to coronavirus, the company announced in a statement.
All 10 New Jersey restaurants still remain open for takeout and delivery.
“As we navigate through COVID-19, the health and well-being of our staff members and guests remains our number one priority,” CEO David Overton said in the statement. “We have been following the guidance of the CDC and our local health departments and will continue to do so throughout this evolving situation. At the same time, we are grateful for the opportunity at present to continue to serve and comfort our guests via to-go and delivery orders.”
The Cheesecake Factory was founded in 1972 as a producer and distributor of cheesecakes and other desserts. Its first restaurant opened in Beverly Hills, California in 1978.
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
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The Cheesecake Factory tells landlords it can’t afford to pay rent on April 1 due to coronavirus crisis - NJ.com
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