Boss of Everyman cinema chain departs weeks after profit warning
Summary
The CEO of Everyman, a UK cinema chain, has resigned shortly after the company reported lower than expected financial results. Non-executive director Farah Golant will temporarily fill the position. The company had forecasted decreased revenue and earnings, leading to a significant drop in its share price.Key Facts
- Alex Scrimgeour, the CEO of Everyman cinema chain, has stepped down unexpectedly.
- His departure comes after the company issued a warning of weak financial performance.
- Everyman operates 49 cinema locations across the UK.
- Farah Golant, a non-executive director, will take over as the interim CEO.
- The company adjusted its revenue forecast for 2025 from £121.5m to £114.5m.
- Everyman's share price dropped by 20% following the profit warning.
- During Scrimgeour's leadership, the company's share price went down by 76%.
- There is speculation Blue Coast Private Equity might acquire Everyman.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
