Regal Parent Company Cineworld Explores Potential Sale of UK Cinemas

Cineworld, the parent company of Regal Cinemas, is reportedly exploring a sale or restructuring of its cinemas in the United Kingdom.

On Saturday, Sky News reported that Cineworld has hired restructuring consultant company AlixPartners to help oversee the process as potential bidders have been contacted. Cineworld operates approximately 100 theaters in the UK as part of a multinational chain that spans 747 locations in 10 countries.

But Sky also reported that Cineworld could explore further restructuring in lieu of a sale, which could lead to the closure of some of its British multiplexes. In a statement, a spokesperson for the chain said, “Like many businesses, we are continually reviewing our UK operations.”