Chuck E. Cheese parent files for Chapter 11 bankruptcy amid coronavirus crisis

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(FOX News) – Chuck E. Cheese – where kids could be kids while parents nursed headaches – is filing for bankruptcy protection.

The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But it said the prolonged closure of many venues due to coronavirus restrictions led to Thursday’s Chapter 11 filing.

CEC Entertainment Inc. has reopened 266 company-operated Chuck E. Cheese and Peter Piper Pizza restaurants, but it’s unclear how willing parents will be to host birthday parties and other gatherings. The Irving, Texas-based company will continue to reopen locations and offer carryout while it negotiates with debt and lease holders.

CEC and its franchisees operate 734 restaurants in 47 states and 16 countries.

Guam location

Guam’s Chuck E. Cheese also closed in the wake of the pandemic.

On May 29th Dave Alcorn, Vice President at GFS Group which operates the Guam Chuck E. Cheese, told K-57’s Patti Arroyo “We’re not sure if we’re ever going to reopen…ever.”

 

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