Oct 5, 2020
Cineworld is in slow-motion endgame
After the James Bond movie launch was postponed again, Cineworld said on Monday it would suspend screenings in its primary US and UK markets. Cineworld is looking at funding options to tide it over until the studios resume production and start releasing pictures next year. Cineworld may hope for a waiver from lenders and that a vaccine will arrive early next year helping to draw crowds back to its theatres. Its shares are now worth less than £100m all-up; Burberry's market capitalisation is £6.4bn. Luxury minnow Mulberry's problems are more high street than high fashion. Many of Mulberry's woes stem from its enduring overexposure to the UK. Two-thirds of sales were made in the country last year, a quarter of which were in London.
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