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Regal Cinemas Owner Cineworld Prepares for Bankruptcy Filing

Cineworld Group Plc, the proprietor of Regal Cinemas, is getting ready to file for chapter inside weeks after struggling to rebuild attendance from pandemic lows, in line with folks accustomed to the matter.

The British cinema firm has engaged legal professionals from Kirkland & Ellis LLP and consultants from AlixPartners to advise on the chapter course of, these folks stated. Cineworld is predicted to file a chapter 11 petition within the U.S. and is contemplating submitting an insolvency continuing within the U.Okay., they stated.

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