Friday, October 9

Tag: Paying

The Cheesecake Factory Tells Its Landlords the Restaurant Won't Be Paying Rent in April
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The Cheesecake Factory Tells Its Landlords the Restaurant Won't Be Paying Rent in April

The Cheesecake Factory has alerted its landlords across the country that the restaurant will be unable to make rent for the month of April due to a lack of business amid the ongoing novel coronavirus (COVID-19) pandemic. In a statement to PEOPLE on Wednesday, The Cheesecake Factory Chief Financial Officer Matthew Clark said: “In these unprecedented times, there are many factors that are changing on a daily basis given governmental regulations and landlord decisions to close properties. We have to take both into consideration in terms of understanding the nature of our rent obligations and with respect to managing our financial position.” “We have very strong, longstanding relationships with our landlords. We are certain that with their partnership, we will be able to work together to we...
Starbucks Commits to Paying Workers for 30 Days Regardless of Whether They Work During Coronavirus Crisis
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Starbucks Commits to Paying Workers for 30 Days Regardless of Whether They Work During Coronavirus Crisis

As the coronavirus crisis continues to disrupt daily life and drive people to their homes, governments across the United States have shut down restaurants and bars for an indefinite period in order to slow the spread of the virus. Many companies in the hospitality industry like Starbucks have shifted to drive-thru, delivery, or take-out systems only in order to stay in business and continue to pay workers — but even the future of these models is uncertain, as threats of shelters-in-place loom across the country. This weekend, however, CEO and President of Starbucks Kevin Johnson announced that the company will continue to pay all partners for the next 30 days regardless of whether they come into work or their stores stay open, a representative for Starbucks confirmed to PEOPLE. In a let...