No More Movies Under Biden And Dems
This is not good.
Cineworld who is the parent company of Regal Cinemas has just announced that they are planning to file Chapter 11 bankruptcy after failing to get out of a hole that they were dug into thanks to the COVID-19 pandemic and the lockdown which were made incredibly lengthy due to Democrats.
According to Fox, In a statement, Cineworld explained, “Any such filing would be expected to allow the Group to access near-term liquidity and support the orderly implementation of a fully funded deleveraging transaction. Cineworld would expect to maintain its operations in the ordinary course until and following any filing and ultimately to continue its business over the longer term with no significant impact upon its employees.”
Furthermore, the plan for bankruptcy is highly likely because Kirkland & Ellis LLP and AlixPartners were brought on by Cineworld as advisors to oversee the bankruptcy process.
Cineworld said in a statement that they were unable to bring their business back up to the same level since the pandemic lockdown first ended in April 2021.
