2020-06-26 01:37:58 UTC
Chuck E. Cheese Files for Bankruptcy
Amid nationwide restaurant reopenings, family-friendly arcade and pizza place
Chuck E. Cheese is filing for bankruptcy protection.
Parent company CEC Entertainment Inc. filed for bankruptcy on Thursday after 43
years of business, it announced in a statement on Thursday. Though the chain
had been struggling before COVID-19, prolonged closures as a result of the
pandemic were the final straw.
Although CEC has reopened 266 Chuck E. Cheese and Peter Piper Pizza restaurants
as states began to ease coronavirus restrictions, it has become clear that
families won't be hosting their kids' birthday parties there anytime soon. CEC
will continue to offer carryout and reopen some of its 734 restaurants in 47
states and 16 countries while they negotiate their debts and leases.
Knowledge may be power, but communications is the key
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