The coronavirus has dragged down sales at restaurants around the world, and led many already-struggling eateries, such as the parent of Chuck E. Cheese and the U.S. arm of Le Pain Quotidien, to buckle under debt loads.
Since bursting onto the scene in 2018 with the merger of Arby’s and Buffalo Wild Wings, Inspire has acquired Sonic and Jimmy John’s, giving it more domestic locations than industry stalwarts such as Wendy’s.
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, 2020
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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.