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Chuck E. Cheese Considering Bankruptcy, May Shutter, Reports Say
The future of Chuck E. Cheese is up in the air after its parent organization acquired nearly $1 billion in debt due to the COVID-10 pandemic, reports say.
The children’s food and entertainment center chain’s owner, CEC Entertainment, is asking lenders for a loan of $200 million to stay in business, People.com reports.
Bonuses were offered to the chain’s top executives Friday, June 5 in an effort to retain the employees amid temporary closures, the report said.
The chain, which is based in Texas, opened in 1977 and as the pandemic struck had to shut down operations at each of its 610 locati…
