It came as no surprise to investors or most of the foodservice industry when CEC Entertainment, parent of the Chuck E. Cheese and Peter Piper eatertainment brands, and giant Pizza Hut and Wendy’s franchisee NPC Corp. filed for Chapter 11 bankruptcy and restructurings last week. Both were heavily leveraged and had earlier signaled they were…
No Surprise: CEC And NPC File For Chapter 11
