Vista Group signs trade agreement with Cineworld, ups revenue guidance

Fri, 30 Dec 2022

Cinema technology provider Vista Group has entered into a trade agreement with London-listed Cineworld Group as part of the UK company’s bankruptcy process.In September, Cineworld Group, which operated more than 750 cinema sites across 10 countries, filed for chapter 11 of the United States Bankruptcy Code to cut nearly US$9 billion (NZ$14b) in debt and leases.Chapter 11 – similar to voluntary administration – is often used for 'reorganisation', with the debtor remaining in possession of the company.Today, NZX-listed V...

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