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

One of the country’s largest restaurant chains, and the parent company to some of Phoenix’s most popular eateries, has sent a letter to its landlords saying it won’t be paying its April rent due to significant losses caused by the coronavirus o.....»»

Category: topSource: bizjournalsMar 26th, 2020

Cheesecake Factory says it’s not paying rent in April, has furloughed most of its employees

Cheesecake Factory isn’t paying rent as restaurants struggle with sales declines due to the coronavirus pandemic......»»

Category: topSource: marketwatchMar 27th, 2020

Chain restaurants are asking to skip paying rent in April because of coronavirus closures

REUTERS/Fred Prouser Restaurant chains including the Cheesecake Factory, Wendy's, and Subway are trying to help their store locations with rent costs amid the novel coronavirus outbreak.  Some chains are calling for rent reductions from landlords, .....»»

Category: smallbizSource: nytMar 26th, 2020

Cheesecake Factory won"t pay April rent as coronavirus hurts restaurants

The Cheesecake Factory plans to skip April rent payments at all of its restaurants in a bid to shore up its finances as the co.....»»

Category: topSource: usatodayMar 26th, 2020

Cheesecake Factory tells landlords it won"t pay rent on April 1, Eater says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 25th, 2020

New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus

Tayfun Coskun/Anadolu Agency/Getty Images Mayor Bill De Blasio has endorsed a rental relief plan that would provide immediate aid to those struggling to pay their April rent. The plan, which still needs to be approved by .....»»

Category: topSource: businessinsiderApr 2nd, 2020

Output at Nissan"s UK car plant suspended throughout April over coronavirus

Production at Nissan's British factory, the country's biggest car plant, is suspended throughout April, continuing a shutdown in place since mid-March as the coronavirus outbreak continues across Europe......»»

Category: topSource: reutersApr 2nd, 2020

Small landlords struggle as renters either can"t or choose not to pay amid coronavirus layoffs

As job losses mount into the millions, laid-off workers increasingly can't make the rent, and small landlords are left holding the bag......»»

Category: realestateSource: cnbcApr 2nd, 2020

Adidas apologizes for deferring store rent, will pay up

German sportswear maker Adidas apologizes on Wednesday for saying it would stop paying rent for stores around the world forced to close by coronavirus lockdowns after a storm of criticism, saying it would pay up for April after all......»»

Category: topSource: reutersApr 1st, 2020

From bartering to begging for relief, struggling Americans confront April rent

As New York navigates the coronavirus<…; crisis, Gov. Andrew Cuomo and lawmakers are trying to find their way forward on a despite uncertainty about the size of the financial toll the outbreak... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

Billionaire bond king Jeffrey Gundlach says coronavirus-fueled market sell-off will worsen in April

REUTERS/Brendan McDermid Billionaire bond king Jeffrey Gundlach believes the coronavirus sell-off is not over yet and markets may see more losses in April. The S&P 500 index collapsed into a bear market this q.....»»

Category: topSource: businessinsiderApr 1st, 2020

What happens if you can"t pay rent on April 1 because coronavirus forced you out of work?

Congress and many states and localities are protecting tenants, and landlords, who can't pay their rent or mortgages b.....»»

Category: topSource: usatodayMar 31st, 2020

From bartering to begging, Americans confront April rent

New York hair stylist Vanessa Karim has not worked since March 21, when the state closed all salons to slow the spread of the coronavirus. She has enough cash on hand to cover only half of her $1,400 April rent......»»

Category: topSource: moneycentralMar 31st, 2020

From bartering to begging, Americans confront April rent

New York hair stylist Vanessa Karim has not worked since March 21, when the state closed all salons to slow the spread of the coronavirus. She has enough cash on hand to cover only half of her $1,400 April rent......»»

Category: topSource: moneycentralMar 31st, 2020

From bartering to begging, Americans confront April rent

New York hair stylist Vanessa Karim has not worked since March 21, when the state closed all salons to slow the spread of the coronavirus. She has enough cash on hand to cover only half of her $1,400 April rent......»»

Category: topSource: moneycentralMar 31st, 2020

Market Snapshot: Stock futures struggle for direction after temporary boost from China factory data

Stock-index futures flip between gains and losses in choppy trade, finding support as global equities rally following a rebound in Chinese manufacturing activity as the country comes out of a lockdown due to the coronavirus epidemic......»»

Category: topSource: marketwatchMar 31st, 2020

Cheesecake Factory furloughs 41,000 workers amid coronavirus

The Cheesecake Factory has furloughed 41,000 hourly employees related to restaurant closings caused by the coronavirus pandemic......»»

Category: topSource: moneycentralMar 27th, 2020

Cheesecake Factory furloughs 41,000 workers amid coronavirus

The Cheesecake Factory has furloughed 41,000 hourly employees related to restaurant closings caused by the coronavirus pandemic......»»

Category: topSource: moneycentralMar 27th, 2020

Cheesecake Factory furloughs 41,000 hourly workers because of coronavirus

The Cheesecake Factory has furloughed 41,000 hourly employees related to restaurant closings.....»»

Category: topSource: usatodayMar 27th, 2020

"All my income is gone": Tenants, landlords voice coronavirus fears as rents come due

Southern California tenants and landlords are bracing for missed rent payments in April due to the coronavirus pandemic. Southern California tenants and landlords are bracing for missed rent payments in April due to the coronavirus pandemic......»»

Category: topSource: latimesMar 26th, 2020

Mall owners slip after report Cheesecake Factory not making rent

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 26th, 2020