Cineworld to shut six more UK cinemas after restructuring - full list of closures
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Cineworld has confirmed it will be closing a further six of its cinemas following a major restructuring process. The cinema chain revealed the fresh closures after formally completing a restructuring plan it launched in the summer to shore up its finances, which had already seen it shut five cinemas.
The leisure firm has not disclosed how many jobs will be impacted by the closures. The move will leave Cineworld with 90 cinemas across the UK.
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Hide AdEarlier this year it shut sites in Glasgow Parkhead, Bedford, Loughborough, Yate and Swindon Regent Circus and had also earmarked its Hinckley cinemas for closure, but this was granted a reprieve after a new property deal was agreed.
Cineworld’s restructuring also resulted in reduced rents at a raft of other UK sites, helping to increase cost savings across the business. The company said it has improved its financial position by also securing additional funds, including £40 million in liquidity. It also plans to invest around £35 million across its estate, particularly in refurbishing existing cinemas.
Cineworld closures
The six cinemas announced for closure in the latest restructuring are:
- Castleford
- Leigh
- Middlesbrough
- Northampton
- Poole
- Weymouth
Javier Sotomayor, president of Cineworld International, said: “The successful completion of our restructuring plan, achieved with the crucial support of our landlords, protects thousands of jobs across the UK and provides us with the financial stability to continue investing in delivering extraordinary experiences for our valued customers.
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Hide Ad“This milestone sets the stage for a brighter future, enabling Cineworld to continue sharing joy in communities across the UK for many years to come.”
The news of further closures comes amid a busy period for the film industry, with a recent major releases including Wicked, Gladiator II, Paddington In Peru and Moana 2.
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