Chuck E. Cheese Files For Bankruptcy

Amid nationwide restaurant reopenings, Chuck E. Cheese is filing for bankruptcy protection.

Chuck E. Cheese will continue to offer carryout and reopen some of its 734 restaurants in 47 states and 16 countries while they negotiate their debts and leases.

CEO David McKillips announced in a statement,

“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our company’s history.” 

More info here.

Photo: GettyImages.

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