Shrewsbury and Telford could be set to lose their large Cineworld branches, to the dismay of councillors in both towns.
Shares dived by two-thirds within minutes of reports by the Wall Street Journal that the world’s second biggest cinema business has hired lawyers from Kirkland & Ellis and consultants from AlixPartners to advise the bankruptcy process.
She said:"I go with my son regularly and it is something that sees a lot of families going so it would be a big loss, particularly for the regulars but also for those who go only occasionally. "Plus there is the employment issue, I'm not sure how many Cineworld employs in Shrewsbury but it is quite a few and in the present economy any loss of jobs would be sorely felt.
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