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CEC Entertainment, the parent company of both Chuck E. Cheese and Peter Piper Pizza, announced they filed for Chapter 11 bankruptcy on Wednesday night.
Chuck E. Cheese (formerly known as Chuck E. Cheese's Pizza Time Theatre, Chuck E. Cheese's Pizza, and simply Chuck E. Cheese's) is an American entertainment restaurant chain founded on May 17, 1977, by Atari, Inc.'s co-founder Nolan Bushnell. [1]
Showbiz Pizza's primary rival, Pizza Time Theatre, filed for Chapter 11 bankruptcy in 1984. [8] Its assets, including the Chuck E. Cheese's restaurant chain, were purchased by Brock Hotel Corporation in May 1985. [9] The two pizza restaurant subsidiaries merged, forming ShowBiz Pizza Time, Inc. – a combination of the two previous company names.
Restaurant chain Chuck E. Cheese parent CEC Entertainment filed for Chapter 11 bankruptcy on Thursday.
Chuck E. Cheese was hit especially hard owing to its children's party and games venues. ... said it plans to use the bankruptcy proceedings to talk to stakeholders and landlords and to restructure ...
Apollo Global Management, owners of CEC Entertainment, Inc., the parent company of the Chuck E. Cheese restaurant chain, acquired the company in October 2014. [8] CEC Entertainment, Inc., Peter Piper Pizza's parent company, filed for bankruptcy in 2020 due to the significant financial strain brought on by the COVID-19 pandemic. [9]
Amid nationwide restaurant reopenings, family-friendly arcade and pizza place Chuck E. Cheese is filing for bankruptcy protection. Parent company CEC Entertainment Inc. filed for bankruptcy on ...
In 1985, Showbiz purchased their competitor Chuck E. Cheese (CEC), who had filed for bankruptcy a year earlier. After failing to make progress with CEI, ties were severed in 1990, and Showbiz began replacing the RAE with CEC characters, forming a new show called "Munch's Make Believe Band". [ 9 ]