Cinema operator Cineworld, the ultimate owner of Brixton’s Ritzy, while refusing to pay staff there the London Living Wage
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, is planning to spend £2.7 billion on the US Regal chain of cinemas.
Cineworld said Regal – the second largest USA chain – would give it a platform in the world’s largest cinema market.
It said a mix of debt and a new share issue would fund the purchase. Its largest shareholder, Global City Holdings, a Polish company which owns 28 per cent of Cineworld, will contribute.
