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Demovictory9

(32,445 posts)
Mon Jul 20, 2020, 02:44 AM Jul 2020

businesses that are struggling to survive: Chuck E Cheese

very much not suited for social distancing. Driving past my local one today... they are trying to survive
as a take out pizza place... big sign said "$5 dollar pizzas"

https://www.cnbc.com/2020/07/18/these-restaurant-chains-filed-for-bankruptcy-during-the-pandemic.html

Chuck E. Cheese’s parent company filed for Chapter 11 bankruptcy in late June, citing the prolonged venue closures stemming from the pandemic for its financial troubles. The chain had $1.91 billion in liabilities on its balance sheet, as of Dec. 29. The company plans to continue operating as it undergoes the bankruptcy process.

In 2014, private equity firm Apollo Global Management bought CEC Entertainment, which also owns Peter Piper Pizza.

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businesses that are struggling to survive: Chuck E Cheese (Original Post) Demovictory9 Jul 2020 OP
Post removed Post removed Jul 2020 #1
If I recall they were in trouble Sherman A1 Jul 2020 #2

Response to Demovictory9 (Original post)

Sherman A1

(38,958 posts)
2. If I recall they were in trouble
Mon Jul 20, 2020, 04:43 AM
Jul 2020

Prior to the pandemic, this just accelerated what was already going to come to pass. I really feel for the employees of these businesses and there are not any good answers beyond universal basic income in my opinion.

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