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Glasgow Live
Glasgow Live
National
Henry Saker-Clark & Craig Williams

FORGOTTEN HISTORY: Cineworld set to file for bankruptcy within weeks amid weak audience numbers - Caught on Camera

Cineworld Glasgow

Cineworld shares have plummeted after reports the cinema chain is preparing to file for bankruptcy "within weeks".

The chain operates three cinemas in Glasgow, including the iconic Renfrew Street multiplex theatre in the city centre, which has dominated the city skyline since it opened its doors back in 2001.

Shares dived by two-thirds within minutes of reports by the Wall Street Journal that the world's second biggest cinema business has hired lawyers from Kirkland & Ellis and consultants from AlixPartners to advise the bankruptcy process.

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