Chuck E. Cheese facing bankruptcy, possible closures

Business

Chuck E. Cheese in talks to avoid bankruptcy

(CNN) — Children’s restaurant and entertainment chain Chuck E. Cheese is trying to avoid bankruptcy.

The “Wall Street Journal” reports it’s in talks with lenders to raise 200-million dollars.

The pizza franchise had a billion dollars of debt at the end of last year.

It’s facing a two-million-dollar loan payment this month.


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