Bankrupt chain says it is looking for buyer for entire business, rather than offloading individual sites
Bankrupt chain Cineworld has denied that it attempted to break up the business and sell some of its cinemas to the owner of its rival Odeon, insisting it was holding out hope for a buyer interested in acquiring the entire business.
It comes after reports claimed the world’s second-largest cinema chain, which filed for bankruptcy protection in the US in September, had been in talks to offload some of its cinemas in the US and Europe to AMC Entertainment.
Continue reading…Bankrupt chain says it is looking for buyer for entire business, rather than offloading individual sitesBankrupt chain Cineworld has denied that it attempted to break up the business and sell some of its cinemas to the owner of its rival Odeon, insisting it was holding out hope for a buyer interested in acquiring the entire business.It comes after reports claimed the world’s second-largest cinema chain, which filed for bankruptcy protection in the US in September, had been in talks to offload some of its cinemas in the US and Europe to AMC Entertainment. Continue reading…