Article

2020-06-08 Economy

Chuck E. Cheese in Talks With Lenders About Financing Deals

[WSJ] Chuck E. Cheese, the restaurant chain and popular children’s party venue, is in talks with its lenders to raise money to avoid filing for bankruptcy, according to people familiar with the matter.

At the same time the Irving, Texas-based food-and-games chain has also approached lenders in recent weeks to gauge their interest in providing a $200 million loan to finance a stay in bankruptcy, according to one of the people familiar with the matter.

Posted by Fred 2020-06-08 00:00|| || Front Page|| [11138 views ] Top

#1 Never could figure out how anybody could lose money selling pizza. $1.43 worth of ingredients in, $8-12 out. Yes, there are labor costs, but still. Now I do understand some people just don't get margins and what's a sensible amount to devote to non essential overhead...

Posted by M. Murcek 2020-06-08 04:45|| 2020-06-08 04:45|| Front Page Top

Posted by Vinegar Spolusing6485 2020-06-08 09:13|| 2020-06-08 09:13|| Front Page Top

#3 Charles the Rodent

Posted by Alaska Paul 2020-06-08 12:03|| 2020-06-08 12:03|| Front Page Top

#4 Never could figure out how anybody could lose money selling pizza.

I believe Chucky Cheese has its own insurance category next to coal mining.

Posted by swksvolFF 2020-06-08 16:16|| 2020-06-08 16:16|| Front Page Top

#5 They serve food?

Always thought is was a cardboard factory, based on the edibility descriptions.

With robots.

Posted by Mullah Richard 2020-06-08 16:17|| 2020-06-08 16:17|| Front Page Top

#6 Michael Jackson died, and it was all downhill from there...

Posted by ed in texas 2020-06-08 17:53|| 2020-06-08 17:53|| Front Page Top

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