Financial troubles for the Cheesecake Factory because of COVID-19

The Cheesecake Factory has been dealt a massive financial blow due to coronavirus impeding with their business. Customers and workers alike I assume aren't showing up.

They cannot pay their rent in various places in the country so they asked their landlords to either hold still or help - both, preferably. I wonder if some locations will close for good? That would be horrible.

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2 replies (most recent on top)
  • I knew this would happen. I agree. I think some locations will be completely closed after this outbreak passes over.

  • Honestly now that I think of it they might close some locations this year. In any case, I learned this through this article, link - https://la.eater.com/2020/3/25/21194144/cheesecake-factory-rent-strike-chain-restaurant