By Bruce Haring pmc-editorial-manager Cinemex Holdings USA, Inc. and Cinemex USA Real Estate Holdings, Inc. have filed for bankruptcy protection and reorganization under Chapter 11 of the US Bankruptcy Code in Miami, Florida, where it is based.
CMX was recently embroiled in a case over its planned acquisition of the Star Cinema Grill chain, which consists of 11 Houston-area movie theaters, by CMX parent Cinemex Holdings USA Inc.
for an undisclosed price. The deal would have made CMX the seventh-largest US theater chain. However, the deal fell through, with Cinemex allegedly reneging at the last-minute, citing issues arising from the pandemic and subsequent closures.
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