A HUGE cinema chain with one hundred branches will close one of its London branches today due to smart.
Picturehouse is preparing to move from Fulham Road after around five years at West LondonArray.
Fulham Road has been home to a cinema since the 1930s and underwent a lavish Art Deco renovation in 2019.
In a message in
“Until then, you can continue with everything we have to offer you; We hope to see you soon. “
Film fans took its closure harshly.
One visitor said that cinema “had been part” of his life and that its departure had left him “sad. “
An article from a Google online review read, “I’m quite unhappy that this theater has closed its doors. It’s been an important component of my life over the years, living in London. I watched Star Wars: The Phantom Menace here with my dad. Very memorable moments.
“It’s a grand old building. The staff have been excellent. There’s a sumptuous feel inside. I think you deserve to make the most of the cinema before it closes next month. Sad times. “
Another praised the “beautiful” cinema and praised the staff.
They said: “A theatre has many art deco characteristics.
“The seats are very comfortable. The staff is very helpful and friendly. I had difficulty downloading the price ticket because my phone is old and I left it at the last minute, but the problem was temporarily solved.
On X, a fan said: “Our little Picture House in our small town recently reopened and is busy.
“But it’s still unbearable that the good looks of Fulham Road have disappeared. “
It comes as London moviegoers will take another hit, as Picturehouse will also close its Bromley in the coming weeks.
The official closing date for the South East London headquarters will be Thursday 1 August, giving enthusiasts just a few weeks before it closes for good.
The Bromley Cinema opened its doors as the Oscar Deutsch Odeon Theatre in 1936 and has been owned by several chains, including Picturehouse, since 2019.
Bromley Cinema posted a message on social media, and both sites said they would contact members soon.
Bromley film enthusiasts were shocked by the loss.
One said: “I am absolutely gutted about this as a member. I love cinema and the wonderful range of films. A beautiful oasis for the arts in Bromley in a beautiful building. “
Elsewhere, the owners of Picturehouse have announced that they will close their Stratford East on July 29.
But it’s not all bad news for brand enthusiasts, as in the last six months Picturehouse has opened 3 new cinemas in Ealing, Chester and Epsom.
Many major theater chains have struggled as a result of the pandemic, as consumers have become accustomed to streaming movies from home.
Blockbusters like the Barbie-Oppenheimer movie brought punters back to the movies last year, but that wasn’t enough to keep some theaters afloat.
Cineworld, Picturehouse’s parent company, has struggled over the past year.
Last week, the company reportedly finalized 25 sites in the United Kingdom as part of a new cost-cutting plan.
The chain will also renegotiate the lease contracts for around fifty of its facilities.
Distressed companies do this to reduce operating prices and retain more of their physical assets.
The Sun understands that they are creditors of Cineworld and will officially obtain the plans in the coming weeks.
At the time, a Cineworld spokesperson told The Sun: “We continue to review our options but comment on rumors and speculation. “
This follows the brand’s exit from Chapter 11 bankruptcy in the US that expired last year.
Filing for Chapter 11 bankruptcy means that a business intends to reorganize its debts and assets while remaining in business.
At the time, the long history of the chain’s 129 British and Irish cinemas was under threat.
Elsewhere, Omniplex, Ireland’s largest cinema chain, took over five Empire Cinema screens that expired last year.
The move comes after the British chain fell into administration, occupying the bottom six spots with immediate effect.
Seven of the 14 sites remained open, of which have now been taken over through Omniplex.
Omniplex, which already operates 38 cinemas on the island of Ireland, is expected to announce new openings in 2024.
The EMPTY department store has become a real horror on many of Britain’s main streets and symbolises the decline of a city centre.
Ashley Armstrong, business editor at The Sun, explains why so many shops have closed their doors.
In many cases, stores are your last outlets because they no longer make as much money as they once did due to online shopping.
Falling in-store sales and rising staff prices have made it even more expensive for retail outlets to reopen. In some cases, shops close one and reopen a new one across a major street to reflect a city’s evolution.
The challenge is that when a branch closes, traffic decreases on local high streets, putting more retail establishments at risk of closure.
Retail parks are popular with buyers, who need simple, flexible parking at a time when city councils have higher parking rates in towns and cities.
Many retailers, Next and Marks
Chief Stuart Machin recently said that when he moved an old Chesterfield store to a new branch in a shopping park 800 yards away, his sales jumped as much as 103 percent.
In some cases, retail outlets have closed when a store went bust, as in the case of Wilko, Debenhams Topshop, Dorothy Perkins and Paperchase, to name just a few.
What’s not so unusual is that if a chain goes bankrupt, a rival store or personal equity firm will take over the rights to the intellectual assets so they can own the logo and sell it online.
They may open a handful of outlets if there is visitor demand, but rarely are there as many outlets or in the same locations.
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