Retail

Chuck E. Cheese parent files for Chapter 11 bankruptcy

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Chuck E Cheese’s restaurant and games in Lakewood, California.

Juan Camilo Bernal | Getty Images

Chuck E. Cheese’s parent company CEC Entertainment said Thursday it has filed for Chapter 11 bankruptcy protection after venue closures stemming from the coronavirus pandemic roiled its business.

The company, which is owned by private equity firm Apollo Global Management, expects to continue operations through bankruptcy and will continue to reopen locations that were temporarily shuttered during the pandemic. It has already reopened nearly half of company-owned Chuck E. Cheese and Peter Piper Pizza locations as of Wednesday.

For the quarter ended March 29, CEC Entertainment estimated its…



Source cnbc.com

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