Cineworld to close six extra cinemas – full record of closures | UK Information

Cineworld says it’s closing one other six cinemas, bringing the entire 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 is going to additionally shut down its branches within the following areas:

• Castleford
• Leigh
• Middlesbrough
• Northampton
• Poole
• Weymouth

The Weymouth department is ready to shut on 30 December, whereas the 5 different cinemas will shut on 19 January, Cineworld has confirmed.

It had additionally earmarked its Hinckley website for closure, however this was granted a reprieve after a brand new property deal was agreed.

The transfer will go away 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 a lot of its cinemas’ landlords.

The controversial plan attracted opposition from a string of outstanding landlords, however received ample 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 ample funding to fulfill a quarterly hire invoice on 24 June of £15.9m.

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The corporate stated it has improved its monetary place by additionally securing extra funds, together with £40m in liquidity.

It additionally plans to speculate round £35m throughout its property, significantly in refurbishing present cinemas.

Javier Sotomayor, president of Cineworld Worldwide, stated: “The profitable completion of our restructuring plan, achieved with the essential help of our landlords, protects hundreds of jobs throughout the UK and supplies us with the monetary stability to proceed investing in delivering extraordinary experiences for our valued prospects.

“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 come back.”

Cineworld says it’s closing one other six cinemas, bringing the entire 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 is going to additionally shut down its branches within the following areas:

• Castleford
• Leigh
• Middlesbrough
• Northampton
• Poole
• Weymouth

The Weymouth department is ready to shut on 30 December, whereas the 5 different cinemas will shut on 19 January, Cineworld has confirmed.

It had additionally earmarked its Hinckley website for closure, however this was granted a reprieve after a brand new property deal was agreed.

The transfer will go away 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 a lot of its cinemas’ landlords.

The controversial plan attracted opposition from a string of outstanding landlords, however received ample 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 ample funding to fulfill a quarterly hire invoice on 24 June of £15.9m.

Learn extra:
Lockerbie: A Seek for Fact – Six issues to know in regards to the present
Pamela Anderson’s iconic Baywatch swimsuit to go on show in London

The corporate stated it has improved its monetary place by additionally securing extra funds, together with £40m in liquidity.

It additionally plans to speculate round £35m throughout its property, significantly in refurbishing present cinemas.

Javier Sotomayor, president of Cineworld Worldwide, stated: “The profitable completion of our restructuring plan, achieved with the essential help of our landlords, protects hundreds of jobs throughout the UK and supplies us with the monetary stability to proceed investing in delivering extraordinary experiences for our valued prospects.

“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 come back.”