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Chuck E. Cheese Could Permanently Close All Locations, Including 3 In Cleveland
Cleveland.com ^ | 06/12/20 | Troy Smith

Posted on 06/24/2020 8:32:21 PM PDT by Enlightened1

The coronavirus pandemic could spell the end of Chuck E. Cheese. The popular kid’s restaurant had to close its 610 locations nationwide during the outbreak. Now, $1 billion in debt has Chuck E. Cheese’s parent company, CEC Entertainment, approaching bankruptcy.

The Wall Street Journal reports that CEC is asking lenders for a $200 million to keep its business going. For comparison, the news is similar to the recent circumstances that led to the retail band JC Penney filing bankruptcy last month.

CEC has also offered its top executives retention bonuses to try and keep them from leaving, including $3 million to three of its executives, according to the Wall Street Journal.

 

The news comes after CEC admitted in April it was considering refinancing, restructuring, or even bankruptcy following the coronavirus pandemic given how much the restaurant industry has struggled. This after Chuck E. Cheese laid off 17,000 employees in March.

 

Chuck E. Cheese’s website currently lists three locations in the Cleveland area, including one in Parma, one in North Olmsted and one in Mayfield Heights.

(Excerpt) Read more at cleveland.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; US: Ohio
KEYWORDS: alllocations; cheese; chucke; chuckecheese; closing; coronavirus; fauci; food; ohio
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The last time I ate at Chuck E Cheese was in the early 1980s in Northern Virginia. I went there for a friend's birthday party. The only fun part was the Arcade. Even as a young kid I did not care for their pizza. I am surprise they are still around.
1 posted on 06/24/2020 8:32:21 PM PDT by Enlightened1
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To: Enlightened1

The pizza was awful. It was always a canned, dreary experience.


2 posted on 06/24/2020 8:35:28 PM PDT by Borges
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To: Enlightened1

Gee...no more really bad pizza, served in a filthy environment, full of screaming kids, and parents doing nothing about it.

What a shame./sarc


3 posted on 06/24/2020 8:36:15 PM PDT by hoagy62 (DTCM&OTTH)
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To: Enlightened1

I remember when Nolan Bushnell of Atari fame started the chain. I had the same experience as you, though. Went for my nephew’s birthday party. The kids loved the games and 3-year-olds aren’t particularly fussy about their pizza. The adults, on the other hand...!


4 posted on 06/24/2020 8:36:28 PM PDT by Ratman0823 (Today's news is all about the Leftist's "narrative". If it doesn't fit, the sheeple don't see it.)
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To: Enlightened1

Time for a fresh take on kid parties...


5 posted on 06/24/2020 8:37:38 PM PDT by nevermorelenore ( If My people will pray ....)
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To: Ratman0823

The stories I’ve seen on FR regarding Chuck E Cheese are brawls where mothers bring their kids to Chuck E Cheese for a party and one or more chaperones get drunk.


6 posted on 06/24/2020 8:38:36 PM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: Enlightened1

it was fun at first.....but I remembered the pizza was not that good and to add a salad was silly expensive....


7 posted on 06/24/2020 8:39:27 PM PDT by cherry
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To: Enlightened1

A restaurant who’s mascot is a rodent? Not a good idea.


8 posted on 06/24/2020 8:39:55 PM PDT by willk (A bias news media is not a free press.)
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To: Enlightened1

Chuck E. Cheese: Where a kid can be a kid, and his adult relatives can get drunk and start fights.


9 posted on 06/24/2020 8:40:35 PM PDT by ZirconEncrustedTweezers (Posting from deep within enemy territory - San Jose, CA)
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To: Enlightened1

MORE WINNING!

....for the Fearpers.


10 posted on 06/24/2020 8:42:33 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: Enlightened1

So where will hooligans go to get in huge brawls?

https://www.google.com/search?q=fight+at+chuck+e+cheese&oq=Fight+at+chu&gs_l=mobile-heirloom-hp.1.0.0l4j0i22i30.1928.6796.0.8575.13.9.0.4.4.0.302.2036.0j3j5j1.9.0....0...1c.1.34.mobile-heirloom-hp..0.13.2099.YKmQlYLByfA


11 posted on 06/24/2020 8:43:28 PM PDT by rdl6989
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To: a fool in paradise

Took my daughter to one, had to be 25 years ago.
It was before smoking was outlawed in restaurants. All the parents were sitting in the back at tables, smoking and getting drunk. The kids were all up at the stage.
Knowing quite a few cops, I’ve been told our local arcade/pizza parlor (not a Chuck E. Cheese) gets as many calls as a biker bar.


12 posted on 06/24/2020 8:43:54 PM PDT by Richard Kimball (WWG1WGA)
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To: Enlightened1

Hard to believe they could serve that crap in Cleveland.


13 posted on 06/24/2020 8:44:44 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Enlightened1

Chuck E. Cheese’s: The Ferals’ Shangri-La


14 posted on 06/24/2020 8:44:50 PM PDT by twister881
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To: Enlightened1

I hated Chucky Cheese. My young boy loved it. It was hell for me to take him and then there was that damn gorilla with symbols banging loudly. It was a cacophony of noise. I always wanted to shoot (figuratively so) that damn gorilla.


15 posted on 06/24/2020 8:45:41 PM PDT by cpdiii (cane cutter, deckhand, roughneck, geologist, pilot, pharmacist, old man, CONSTITUTION WILL DIE FOR)
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To: Enlightened1

Best memory of CEC is watching my grandkids run around having fun in the arcade, asking for more tokens! So many things we once took for granted...(and of course made fun of the horrible pizza!)


16 posted on 06/24/2020 8:47:25 PM PDT by Left2Right (Keep America Great!)
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To: Enlightened1

I’m saddened by this turn of events. I had a very pleasant year doing contract work for them about ten years ago, in their tax department. People were very friendly to work with, and it was challenging work: it took about six months to complete a tax program conversion, to include 14 subsidiary corporations...500 stores, 45 states, some state and local returns were over 300 pages.


17 posted on 06/24/2020 8:49:06 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Enlightened1

Where will America’s indigenous urban peoples be able to get into brawls if Chuck E. Cheese shuts its doors?


18 posted on 06/24/2020 8:50:25 PM PDT by E. Pluribus Unum (Who could have guessed the Communist Revolution would arrive disguised as the common cold?)
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To: Enlightened1

I’m sad for those who will be losing jobs.


19 posted on 06/24/2020 8:50:35 PM PDT by HotKat (Politicians are like diapers; they need to be changed often and for the same reason. Mark Twain)
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To: Borges

But that’s what they deserve for getting rid of the big animitronic mascots band.


20 posted on 06/24/2020 8:50:59 PM PDT by Phillyred (Kieran Hussie)
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