Chuck E. Cheese could permanently close all locations as it flirts with bankruptcy
Beloved kid's restaurant Chuck E. Cheese may soon be declaring bankruptcy and closing its doors, depriving future generations of Canadian children of the oddly charming experience.
The American pizza-and-games chain is nearly $1 billion in debt and is seeking a $200 million loan from lenders in order to stay afloat, according to a recent report from the Wall Street Journal.
Chuck E. Cheese currently operates over 500 locations across the world, with 10 locations in Canada: five in Ontario, four in Alberta, and one in both British Columbia and Saskatchewan.
HUGE thank you to all of our healthcare workers!! 🤗We appreciate you more than you could ever know. pic.twitter.com/Ed85OM67Un— Chuck E. Cheese (@ChuckECheese) May 6, 2020
Despite the fact that Chuck E Cheese sells some truly epic skeeball pepperoni, the American chain is struggling financially.
In an attempt to make some money during the pandemic, Chuck E. Cheese even moonlighted as Pasqually's Pizza and Wings on delivery apps, a reference to one of Chuck E. Cheese's bandmates.
devastating news for an iconic neighborhood staple Pasqually's Pizza & Wings ☹️☹️☹️ https://t.co/GYiJ7Opw9t— Walter Hickey (@WaltHickey) June 7, 2020
While there's still hope that the chain could stay afloat, $1 billion is certainly a hefty price tag; Canadian children may want to start searching for alternative venues for their next epic birthday blow-out.
Chuck E Cheese
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