15 January 2023
Western Australia-owned and operated stalwart Grand Cinemas has sold three of its locations to national chain Hoyts after running into financial trouble due to Covid-19.
Western Australian movie-goers are rejoicing after administrators FTI Consulting successfully sold a trio of Grand Cinemas outlets to national cinema chain Hoyts, following the formers plunge into voluntary administration in November due to the impacts of Covid-19.
Hoyts has acquired Grand Cinemas locations in Warwick Grove, Bunbury and Currambine Central, with all employee entitlements to be honoured as part of the deal.
Family-owned, Grand Cinemas has been in operation since 1928, first opening its doors as Hollywoods sil…
Read the full article at: https://www.consultancy.com.au/news/6431/administrators-fti-support-grand-cinemas-asset-sales-to-hoyts