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Top related persons:
Eduardo Acuna - 1 Acuna - 1 Eric Foss - 1 Mooky Greidinger - 1 Greidinger - 1 Cineworld - 1 Israel Greidinger - 1 Goldman Sachs - 1
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London Britain U.S British Bengaluru
Top related orgs:
Cineworld - 1 U.S - 1 Pepsi - 1 Cinema City - 1 Regal Entertainment - 1 Financial Times - 1 McKinsey - 1 Thomson - 1

Search resuls for: "Regal Entertainment"


3 mentions found


☆ Cinepolis exec Eduardo Acuna to become Cineworld CEO
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
July 13 (Reuters) - Cineworld Group (CINE.L) said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month. The group, which filed for U.S. bankruptcy protection in September, said lenders had agreed to appoint Acuna as CEO of the newly formed parent company after its restructuring plan becomes effective. Cineworld had faced discontent from shareholders over executive pay in 2021, including bonuses to the CEO and his brother and deputy chief Israel Greidinger. Acuna, who has been with Cinepolis since 2005, previously held roles at McKinsey and Co and Goldman Sachs. Cineworld added that it "understands that a selection process for the remaining members of the new company's board is ongoing".
Persons: Eduardo Acuna, Acuna, Eric Foss, Mooky Greidinger, Greidinger, Cineworld, Israel Greidinger, Goldman Sachs, Eva Mathews, Yadarisa, Shinjini Organizations: Cineworld, U.S, Pepsi, Cinema City, Regal Entertainment, Financial Times, McKinsey, Thomson Locations: London, Britain, U.S, British, Bengaluru
☆ Cineworld gets no offer for whole company, warns on shareholders' equity
  + stars: | 2023-02-24 | by ( Yadarisa Shabong | ) www.reuters.com   time to read: +3 min
It said it had received initial proposals from a number of counterparties but none offered an all-cash bid for the entire company. Cineworld said talks with certain stakeholders about a possible plan of reorganisation were ongoing in parallel with a potential sale of assets, but neither path would see shareholders recover their equity interest. Cineworld had a net debt of $8.81 billion as of June 30, 2022, including lease liabilities, while its cash reserves had dwindled to $131 million. Larger rival AMC Entertainment Holdings (AMC.N) in December had said its talks to buy some theatres owned by Cineworld had fallen through. Sky News reported earlier this month that London-based cinema operator Vue International, with support from two funds, would be among the bidders for Cineworld.
☆ Cineplex makes approach for Cineworld's U.S. franchise, WSJ reports
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years ago. Cineworld has since been struggling to rein in massive debt and this month filed for bankruptcy in the United States. Cineplex is in early talks with Cineworld's lenders about taking over Regal in exchange for debt and stock backed by the combined business, the WSJ reported, citing people familiar with the matter. Cineworld's restructuring adviser Alix Partners and financial adviser PJT Partners did not respond immediately to a Reuters request for comment. Cineworld and Cineplex held talks this year about merging operations while settling the legal judgment but failed to reach an agreement, the WSJ added.
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