Cineworld closures homepage banner

Cineworld closures could “turn leisure parks into disaster movies”

Experts fear firm’s mothballing of UK cinemas will spark a grim chain reaction for surrounding hospitality trade The nationwide closure of Cineworld’s theatres was the disaster movie nobody working in the UK’s battered leisure industry wanted to see. The mothballing of the country’s largest cinema operator not only spells hardship for its 5,500 staff but has set off a chain reaction that threatens the livelihoods of many more working in the neighbouring restaurants that rely on the multiplex trade. On Friday, the billboards outside the 14-screen Cineworld in Feltham, west…

Read More
Hammerson under microscope

Canadian real estate boss takes reins of UK shopping centre giant

Hammerson drafts in Rita-Rose Gagné as its new chief executive Gagné was previously the president of growth markets at Ivanhoé Cambridge Hammerson has appointed the former Canadian president of growth markets at a real estate firm, Rita-Rose Gagné as its new chief executive. Gagné was previously the president of growth markets at Ivanhoé Cambridge where she oversaw real estate assets across Asia Pacific and Latin America. Prior to joining Ivanhoé in 2006, she worked in various property markets across the world, including the UK, France and Germany. Gagné will succeed current…

Read More
Westfield London shopping centre. Photo Wikimedia Commons

Westfield shopping centres owner responds positively to Covid-19

Westfield owner to raise £3.2bn as it posts improving sales & footfall // Unibail-Radamco-Westfield says footfall & sales recovery in European centres improving since lockdowns // UK Westfield footfall is in the 60%-70% range compared to last year with good week-on-week improvement // However, UK tenant sales weaker than EU with a 70% drop in June followed by -47% in July & -34% in August Unibail-Rodamco-Westfield has revealed plans to undergo a £3.2 billion capital raise after posting recovering footfall and sales figures across its European shopping centres. The French shopping centre giant,…

Read More