The worst thing that can happen to a stockholder of a company is the bankruptcy. However, the story of the...
Cineworld
Cineworld is a cinema operator headquartered in the UK and is ranked as the second-largest cinema chain in the world after AMC Theaters.
The company has operations in ten countries led by the UK and the USA. Other countries include Romania, Israel, Poland, Slovakia, Hungary, Czech Republic, and Bulgaria.
Cineworld was founded in 1995 by Steve Wiener and opened its first theatre in July 1996 at Stevenage, Hertfordshire. The company went on to open its second theatre in December 1996 and its third theatre in 1998.
The Blackstone Group, a private equity fund, acquired Cineworld in 2004 and acquired the UK and Ireland operations of UGC, a French cinema operator, in 2005.
Cineworld became the second-largest global cinema chain by acquiring other cinema chains and incorporating them under the Cineworld umbrella.
Some of the company’s notable acquisitions include the Picturehouse chain in 2012, the takeover of Cinema City International in 2014, and the 2018 acquisition of Regal Cinemas in the United States.
However, these acquisitions have come at a high cost to the company, which took on massive debt to fund its takeovers.
Cineworld was forced to temporarily close its theatres in March 2020 after the emergence of the coronavirus pandemic and later closed them indefinitely in October 2020. The cinema chain has since reopened its theatres but still has a significant debt pile to service.
Cineworld share price news
Cineworld (LON: CINE) shares are not trading on the London Stock Exchange anymore. The stock of the theatre chain operator...
Cineworld (LON: CINE) shares have been finally canceled as the company emerges out of bankruptcy amid a restructuring process. The...
Cineworld (LON: CINE) shares have been canceled following last week’s suspension from London Stock Exchange (LSE). The move wipes off...
Cineworld (LON: CINE) share price has hit the end of the road after the suspension of trading on Friday. I’ve...
Cineworld (LON: CINE) share price has been rising for the past few days. The positive price action by the stock...
Cineworld (LON: CINE) share price is taking its final breaths as analysts expect the stock to be delisted soon. It...
Cineworld (LON: CINE) share price has been nothing but a heartbreak for its investors. After years of showing faith in...
Cineworld (LON: CINE) share price has become the biggest talk on the UK trading floors as the company is heading...
Cineworld (LON: CINE) share price tanked 29% right after opening on Monday. The stock of the owner of Regal Cinemas...