Cheesecake Factory, affiliates won’t pay April rent because of coronavirus losses

One of the country’s largest restaurant chains has sent a letter to its landlords saying it won’t be paying its April rent due to significant losses caused by the coronavirus outbreak.

The Cheesecake Factory CEO David Overton told landlords in a letter the large national chain won’t be able to pay rent following a sudden decrease in business. That also applies to its other concepts, including North Italia, Flower Child and other Fox Restaurant Concepts brands.

In 2019, the Cheesecake Factory…