Chuck E. Cheese Approaches Bankruptcy, Could Have to Close All Stores



According to The Takeout, some 17,000 workers were laid off in March.

In an attempt to make money during the pandemic, the store masqueraded as Pasqually's Pizza and Wings on delivery apps, a reference to one of Chuck E. Cheese's bandmates.

Employees who were kept on board helped to operate Pasqually's as a takeout brand.

But Chuck E. Cheese is not the only restaurant chain to struggle amid the global health crisis.

Some outposts of IHOP, Denny’s, Ruby Tuesday, TGI Fridays and more have permanently shuttered due to hardships brought on by the pandemic.

CFRA Holdings, a franchisee operating 49 IHOP locations, filed for bankruptcy in early May and cited the coronavirus as the primary reason, according to FSR Magazine.

Aziz Hashim, the founder and managing partner of Ruby Tuesday owner NRD Capital, told Restaurant Business the pandemic will likely spur the closure of many more restaurants.

A Denny’s franchisee, Feast American Diners, closed 15 locations of the popular breakfast chain while locations of the Indianapolis-based chain Steak ‘n Shake and of TGI Fridays have also closed down permanently due in part to the pandemic.

As information about the coronavirus pandemic rapidly changes, PEOPLE is committed to providing the most recent data in our coverage. Some of the information in this story may have changed after publication. For the latest on COVID-19, readers are encouraged to use online resources from CDC, WHO, and local public health departments. PEOPLE has partnered with GoFundMe to raise money for the COVID-19 Relief Fund, a GoFundMe.org fundraiser to support everything from frontline responders to families in need, as well as organizations helping communities. For more information or to donate, click here.

Source: Read Full Article