ZitatThe parent company of Chuck E. Cheese, the once popular children-themed restaurant chain, filed for Chapter 11 bankruptcy on Thursday, saddled by a huge pile of debt and dismal sales because of lockdowns across the country.
CEC Entertainment [CEII.UL], 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, as the outbreak ravages the entertainment and leisure industries globally.
Already loss making, the outbreak shut the door on a rebound as sales plunged after restaurants were forced to close as lockdowns were put in place. Chuck E. Cheese was hit especially hard owing to its children’s party and games venues.
Our family really enjoyed Chuck E. Cheese when 'we' were growing up. In the days of COVID and perverts the model may need some revision but I hope they survive. I even liked their pizza!
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