All Things Newz
Business

Cineworld Group files for U.S. bankruptcy as it struggles with debt


Article content

Britain’s Cineworld Group said on Wednesday it had filed for bankruptcy protection in the United States as the world’s second-largest cinema chain operator struggles to find other ways to restructure its debt-laden balance sheet.

The Chapter 11 filing, which can allow a company to stay in business and restructure its debt, involves Cineworld’s U.S., U.K. and Jersey businesses.



Source link

Related posts

Russia’s Avtovaz: Sales jumped 80% in August from July

Copper claws higher on hopes for recovery in China

‘California Condor’ Pays Tribute to Departed Bandmates in New Video