A Lesson in Modern Economics… From Chuck E. Cheese

By Andy Snyder Did you hear the news?
It’s bad.
Chuck E. Cheese has gone bankrupt.
It turns out it’s tough to convince busloads of families to have some fun eating lousy pizza at an arcade in the midst of a pandemic.
But this tale has an interesting and useful twist.
You see, with $1 billion in debt and no hope in sight, the restaurant chain with a mouse for a logo (we heard management will soon start a hotel business with a bedbug as its mascot) was forced toss up its arms and push aside its debt.
But before the company can clean up its books, it has …read more

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