Cineworld says it’s closing one other six cinemas, bringing the full of closed websites to 11.
The cinema chain already closed websites in Glasgow Parkhead, Bedford, Loughborough, Yate and Swindon Regent Circus earlier this 12 months as a part of its restructuring programme.
Now it has confirmed it’s going to additionally shut down its branches within the following areas:
- Castleford
- Leigh
- Middlesbrough
- Northampton
- Poole
- Weymouth
The Weymouth department is about to shut on 30 December, whereas the 5 different cinemas will shut on 19 January, Cineworld has confirmed.
It had additionally earmarked its Hinckley web site for closure, however this was granted a reprieve after a brand new property deal was agreed.
The transfer will depart Cineworld with 90 cinemas throughout the UK.
Cineworld secured courtroom approval for a restructuring plan earlier this 12 months, which imposed steep hire cuts on lots of its cinemas’ landlords.
The controversial plan attracted opposition from a string of distinguished landlords, however gained adequate help from collectors to be pushed via.
Paperwork circulated as a part of the restructuring plan course of highlighted the truth that the corporate didn’t have adequate funding to satisfy a quarterly hire invoice on 24 June of £15.9m.
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The corporate mentioned it has improved its monetary place by additionally securing extra funds, together with £40m in liquidity.
It additionally plans to take a position round £35m throughout its property, notably in refurbishing current cinemas.
Javier Sotomayor, president of Cineworld Worldwide, mentioned: “The profitable completion of our restructuring plan, achieved with the essential help of our landlords, protects 1000’s of jobs throughout the UK and offers us with the monetary stability to proceed investing in delivering extraordinary experiences for our valued clients.
“This milestone units the stage for a brighter future, enabling Cineworld to proceed sharing pleasure in communities throughout the UK for a few years to return.”
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#Cineworld #shut #cinemas #full #checklist #closures #Information
, 2024-12-11 09:41:00