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Chuck E. Cheese parent files for bankruptcy

Chuck E. Cheese parent files for bankruptcy

The parent company of Chuck E. Cheese, CEC Entertainment, filed for Chapter 11 bankruptcy on Thursday, after being saddled by a huge pile of debt and dismal sales because of lockdowns across the country. The restaurant-and-arcade chain, which also owns Peter Piper Pizza, said it plans to use the bankruptcy proceedings to talk to stakeholders and landlords and to restructure its balance sheet.

Tom A
Tom A
Seekster
Seekster 2 months

Not going to lie...this makes me sad. Rest in peace you nostalgic collection of grease, germs, games, and traumatic experiences with costumed mascots.

Top in Business