Chuck E. Cheese parent company files for bankruptcy

It’s not looking good for the place “where a kid can be a kid” as the parent company of Chuck. E. Cheese is filling for bankruptcy due to economic hardship from the COVID-19 pandemic. CEC Entertainment, which owns the pizza/arcade chain, says it will close 34 locations that were open when the pandemic started as it files for Chapter 11 bankruptcy. They hope to shed some debt and come through serving good times for kids who don’t need smart phones to be entertained. USA Today reported that Chuck lost a lot of cheese recently, specifically 90% of its revenue, even as it tried to adjust to carry-out delivery food orders.

Yes, the pizza at Chuck E. Cheese has never been the biggest selling-point of the experience but there was a lot of mixed info online about the company using a completely different name on food delivery apps like GrubHub to get people to order food. Internet Today covered the ridiculous story of ‘Pasquali’s‘. 

 

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