Read about reports that say Chuck E. Cheese, due to increasing financial strain, may be forced to close its locations in the near future.
On Friday, June 12, CEC Entertainment announced it would be offering top executives retention bonuses, paying close to $3 million total to three of them, including $1.3 million to CEO David McKillips, according to the company’sChuck E.
Cheese currently has 610 locations across 47 states. Due to closures on account of the pandemic, the brand underwent layoffs in March,. According to the WSJ, in April the brand was considering options including refinancing, filing for bankruptcy and restructuring to ease some of the strain.
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