iPic Entertainment, the luxury theater chain that helped popularize the concept of dine-in moviegoing, has filed for Chapter 11 bankruptcy. It hopes to restructure its debt and has engaged investme…
, the luxury theater chain that helped popularize the concept of dine-in moviegoing, has filed for Chapter 11 bankruptcy. It hopes to restructure its debt and has engaged investment banker PJ Solomon to pursue a possible sale.
“It’s business as usual,” said Hashemi. “We’re going to continue showing movies. We’ll have the same management team. The same membership program. Our guests can expect the same level of service. This is a restructuring of our balance sheet. It’s not an operational issue.”Hashemi said that the two million members of iPic’s loyalty program will not be impacted and stressed that the company will honor gift cards and will continue to uphold its advertising partnerships on its pre-show programming.
“When we started this business back in 2007 there was nobody doing this type of dine-in, affordable, luxury experience,” said Hashemi. “Eventually the rest of the industry woke up. Our model inspired others to upgrade their circuits and the competition became more fierce.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Meet Jaden, the 11-Year-Old Reporter Who Scored an Exclusive Interview With Elizabeth WarrenHe was the real star of Warren's town hall in Toledo, Ohio.
Baca lebih lajut »
Racist rant investigated in El Paso as authorities pursue hate crime chargesA gunman's rampage at an El Paso Walmart that left 20 dead and dozens injured was being investigated as a possible hate crime Sunday.
Baca lebih lajut »
Cathay Pacific Collecting Images Of Passengers On Aircraft, Monitoring In-Flight Entertainment UsageHong Kong's privacy watchdog ordered Cathay Pacific to implement a data privacy policy. Has the airline gone too far?
Baca lebih lajut »
Get An Exclusive Sneak Preview of Pirelli’s Paolo Roversi-Lensed 2020 CalendarThe 2020 Pirelli calendar stars Yara Shahidi, Kristen Stewart, Indya Moore, Claire Foy, Mia Goth, Emma Watson, Chris Lee, Rosalia, and Stella Roversi.
Baca lebih lajut »
11 Things to Get From Miami Swim Week's Online ShopPurchase these sandals and provide 15 days of school for Syrian refugees through Olivela's partner CARE.
Baca lebih lajut »
11 Unique Gifts to Celebrate Your Sisters and Best FriendsToday is both National Friendship Day and National Sisters Day!
Baca lebih lajut »