ICYMI earlier this month, Time Out reported that cinema giant Cineworld was in talks to sell some of its UK sites after appointing administrators and being delisted from the London Stock Exchange. Now, as it continues to tackle significant debt, the multiplex chain has officially launched a restructuring plan.
Cineworld has officially declared six branches ‘commercially unviable’ and will be closing them permanently within the next two months. The restructure will apparently ‘enable it to address its lease portfolio and rental terms with landlords in the UK’. Employees at the chosen sites will be offered jobs at alternative branches as far as possible.
Cineworld also addressed rumours that a total of 25 branches will eventually be scrapped, stating that ‘the total number of impacted sites cannot be confirmed until the process is complete’. While we await updates, here are the six branches that are definitely shutting down.
Which Cineword cinemas are closing?
- Glasgow Parkhead
- Bedford
- Hinckley
- Loughborough
- Yate
- Swindon — Regent Circus
When will Cineworld closures take place?
Cineworld has said that the confirmed closures will likely happen in late September, if their money-saving plan gets legal approval.
The UK’s best cinemas, with Time Out
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