Apollo-backed Chuck E. Cheese parent company files for bankruptcy: TheStreet

CEC Entertainment, the parent company of fast food chain Chuck E. Cheese, has filed for bankruptcy, reported TheStreet.

CEC Entertainment, the parent company of fast food chain Chuck E. Cheese, has filed for bankruptcy, reported TheStreet. The financial news outlet noted that “the restaurant group cited the pandemic, and strain from keeping its venues closed, as reasoning for the filing.” CEC Entertainment is backed by Apollo Global Management LLC.

Source: TheStreet