Discovery Zone - Bankruptcy


Stretched thin by expansion, changes in management tried to save the company, however Discovery Zone filed for bankruptcy on March 26, 1996 in Wilmington, Delaware with debts of up to $366.8 million. By the end of 1999, Chuck E. Cheese's had purchased approximately 500 of DZ's locations and turned many of them into Chuck E. Cheese's facilities while shutting down the rest.

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Other articles related to "bankruptcy":

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Famous quotes containing the word bankruptcy:

    A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.
    Washington Irving (1783–1859)

    The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.
    Hannah Arendt (1906–1975)

    You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.
    Henry David Thoreau (1817–1862)