Cineworld has confirmed it may file for bankruptcy in the US, days after its shares plummeted over reports the business was in difficulties.
Responding to a report in The Wall Street Journal, the UK-based cinema giant said it was considering options for how to restructure the business.
These included a Chapter 11 bankruptcy filing, which is often referred to as a reorganisation bankruptcy.
Cineworld said in a statement: “Cineworld would expect to maintain its operations in the ordinary course until and following any filing and ultimately to continue its business over the longer term with no significant impact upon its employees.”
