Cineworld: The six cinemas to close as restructuring plan completes Business Cineworld has revealed it will close another six of its cinemas across the UK as its major restructuring process comes to an end. The troubled chain will shutter its sites in Castleford, Leigh, Middlesbrough, Northampton, Poole and Weymouth. The move comes after Cineworld previously closed five sites after first announcing the overhaul in July. The [...]
Former Cineworld boss looks to snap up struggling UK sites for new venture Business Mooky Greidinger is eyeing up the UK for a new venture as the former Cineworld boss attempts to woo over the embattled cinema chain’s landlords with his plans. Greidinger, who was behind the rise of Cineworld before it was buried by the lingering burden of debt due to the Covid-19 pandemic, is reportedly in talks [...]
Travelodge owner leads secret group behind Cineworld restructuring Retail Goldentree, the Wall Street hedge fund behind Travelodge, is leading a contentious overhaul of Cineworld that could leave UK ratepayers facing large losses. Cineworld, which collapsed into administration last year with £4bn in debt, has since fallen under the control of a covert group of hedge funds. This consortium is led by Goldentree and includes [...]
Mark Kleinman: Cineworld revamp is a horror show for landlords August 29, 2024 This week Mark Kleinman tackles Cineworld's closures, Rolls-Royce's chief executive and plans to rename Twickenham.
Mark Kleinman: Is £300bn Shell merger Total summer speculation? August 1, 2024 In this week's column, Mark Kleinman tackles the Shell merger, Cineworld closure and Dan Wagner's Rezolve AI.
Cineworld: Final curtain set to fall on dozens of cinemas as part of sweeping restructuring July 4, 2024 Cineworld is planning to shutter a quarter of its UK cinemas as part of a sweeping restructuring plan.