On Wednesday, Eater reported that the Cheesecake Factory (CAKE) is going on strike; rent strike that is. The large dining chain will not be paying its April rent. According to Eater, the Cheesecake Factory made its plans clear to landlords on March 18th, though their letter surfaced to the media Wednesday.

In that letter, The Cheesecake Factory Founder and CEO David Overton explained his decision to start withholding rent payments going forward:

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