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Cineworld to exit dozens of cinemas in radical restructuring plan | Business News

The multiplex operator wants to close roughly a quarter of its 100 British sites and negotiate rent reductions at another 50, Sky News learns.

By Mark Kleinman, City editor @MarkKleinmanSky

Thursday 4 July 2024 10:53, UK

Cineworld is drawing up plans to axe dozens of British cinemas as part of a radical restructuring that would also include extensive rent cuts.

Sky News has learnt that the company, which until last year was listed on the London Stock Exchange, is considering closing about a quarter of its roughly-100 British…

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