Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Regal Owner Cineworld to Shutter Six U.K. Sites in Restructuring Bid
variety.comNaman Ramachandran Cineworld, a major player in the U.K. cinema market, has revealed plans to close six of its locations as part of a broader Restructuring Plan (RP) aimed at revitalizing the company’s financial health.
The sites slated for closure include Glasgow Parkhead, Bedford, Hinckley, Loughborough, Yate and Swindon Circus. The closure announcement comes as Cineworld grapples with what it describes as “increasingly high and unsustainable operating costs.” The company’s restructuring efforts extend beyond these closures, encompassing a strategy to renegotiate lease terms and reduce rents to market levels at select UK locations.
Cineworld’s proposed RP, if approved by the court, is expected to take effect in late September 2024. The plan aims to provide the cinema chain with access to additional funding, reduce liabilities and support a significant capital expenditure program in the U.K.
Employees at the affected sites will enter a consultation process, with Cineworld pledging to offer redeployment opportunities at nearby locations where possible.
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