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Pizza Hut franchisee’s NPC International Inc., the holding company of Chuck E. Cheese CEC Entertainment Inc. and the U.S. arm of Le Pain Quotidien have sought bankruptcy protection since the pandemic started.July 30
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Other recent restaurant bankruptcies include the parent of Chuck E. Cheese and the U.S arm of Le Pain Quotidien.July 1
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Entertainment and leisure have been among industries hardest hit by state and federal guidelines to stay at home.June 25
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Creditors to CEC Entertainment, which runs Chuck E. Cheese and Peter Piper Pizza, are weighing restructuring options including bankruptcy as the company seeks to get through the pandemic that has shuttered its locations.June 19
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The chain’s sales were slipping amid heavy competition and lack of investment in its stores even before the Covid-19 pandemic forced the shuttering of all its U.S. locations.May 28
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TGI Fridays and HP among those losing deals from the coronavirus pandemic. KKR-backed India Grid Trust looks makes distressed assets available. Bank of Baroda to raise capital. Steven Mnuchin will ask companies to offer stakes in exchange for relief.April 24
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Several high-profile deals have fallen apart during the quarantine, and more are expected to fail.April 21
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Roark invests in $200 million in restaurant chain the Cheesecake Factory, as it struggles to keep stores open during quarantine. Credit ratings on risky corporate loans that were stuffed into CLOs are being downgraded.April 20
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Coronavirus containment measures escalated quickly, as states began closing restaurants and bars to dine-in customers and urging residents to stay home.April 15
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Smith Wollensky owner buys upscale restaurant operator Strega. Blackstone saw a record fundraising haul in 2019. Lakeview picks up ice cream maker from Century Park. Deadline is Feb. 7 for M&A Mid-Market Awards.January 30
