Business

Chuck E. Cheese files for Chapter 11 bankruptcy

A sign is placed in front of a Chuck E. Cheese restaurant in Newark, California. Justin Sullivan | fake pictures Chuck E. Cheese’s parent company, CEC Entertainment, said Thursday that it filed for Chapter 11 bankruptcy protection after local closings stemming from the coronavirus pandemic ruined its business. The company, …

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Chuck E. Cheese’s parent company files for bankruptcy

CEC, which also owns Peter Piper Pizza, said it will use Chapter 11 protection to “achieve a comprehensive balance sheet restructuring that supports its long-term and reopening strategic plans.” The company expects to operate normally, including the reopening of its Chuck E. Cheese locations. So far, nearly half of Chuck …

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Macy’s to cut 3,900 corporate jobs in restructuring

A person examines Macy’s Inc. department store near Union Square in San Francisco, California, USA. USA, Thursday June 18, 2020. Michael Short | Bloomberg | fake pictures Macy’s announced Thursday that it is laying off 3,900 corporate jobs, or 3% of its total workforce, in a move to cut costs …

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