The Cheesecake Factory Isn't Paying Next Month's Rent

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The Cheesecake Factory Isn't Paying Next Month's Rent
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However, CEO David Overton also said the delivery- and takeout-only model has been sustainable for the chain.

, and loss of income due to the ongoing coronavirus crisis. On March 18, its founder and CEO David Overton sent a letter to all of its landlords, explaining that these factors had dealt a "tremendous financial blow" to the chain.

“With 42 years of history as a guide, we believe we will overcome these challenging near-term operating conditions and be even better positioned for the long term,” Overton said.

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