Restaurants

Chuck E. Cheese goes public again

Chuck e cheese storefront.
Photo: Smith Collection/Gado/Getty Images

Chuck E. Cheese, the restaurant chain where kids eat pizza with their bare hands after swimming around in a plastic ball pit, is going public via a reverse merger with Leo Holdings (NYSE: LHC), a blank check acquisition company formed by private equity firm Lion Capital.

Why it matters: This would be the first restaurant company to enter the U.S. public markets in four years. Or, in this case, re-enter.

Takeout platform Toast raises $250 million in Series E funding

Toast, a Boston-based restaurant management platform, raised $250 million in Series E funding co-led by TCV and Tiger Global Management at a $2.7 billion post-money valuation.

Why it matters: Restaurant margins continue to be stagnantly narrow, despite the industry's top-line revenue growth.