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 blow” to business. Cheesecake Factory’s affiliated restaurants, such as Rock Sugar and North Italia, will also not make April 1 rent payments.
Company chairman and CEO David Overton writes, “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” He continues, “we appreciate our landlords’ understanding given the exigency of the current situation.” The letter says that the company hopes to resume paying rent as soon as possible.
• One Trump fundraising event in Dallas next month has a price tag of $580,600 per couple. Impeached president Donald Trump is scheduled to headline in-person fundraisers as early as June, which would be his first since the coronavirus outbreak stopped campaign events in March.
Impeached President Donald Trump announced on a Friday afternoon in the middle of a pandemic that has killed more than 100,000 that he is terminating the relationship between the United States and the World Health Organization.
Now that the world is starting to re-emerge from its self-imposed COVID-19 quarantine, we’re all going to have to start making some adjustments to both short-term and long-term changes. And the questions… Should customers be hounded out of a store if they aren’t wearing a face mask? Are crocheted face masks safe or not? And […]
Maybe you had a piano teacher as a kid that drove you off the instrument forever. Or maybe you always wished for some serious training, but never found the time. Whether you have dreams of tossing off a Beethoven or Chopin piece at the drop of a hat or you have visions of being the […]
When you see that curved arrow on the side of a cardboard box, you instantly know that box came from Amazon. The unfurled rainbow feathers of a peacock immediately scream NBC. And a partially eaten piece of fruit in the profile is a world-recognized symbol of tech titan Apple. Icons are powerful symbols, condensing volumes […]