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Cineworld to close six UK cinemas in cost-cutting drive
Embattled operator says sites in Glasgow, Bedford, Hinckley, Loughborough, Yate and Swindon now ‘unviable’
Cineworld has said it will close six venues across Britain as part of a plan to cut costs, as the debt-laden chain continues to struggle with the headwinds facing the cinema industry. It said the restructuring plan would “enable it to address its lease portfolio and rental terms with landlords in the UK” as well as to seek further funding. Later the same year, it entered administration and delisted from the London Stock Exchange, though continued to operate its cinemas as usual.
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