Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Astoria Cinemas files for bankruptcy

Share this article

14:58 CEST+02:00
The troubled Swedish cinema chain Astoria filed for bankruptcy at Stockholm district court on Tuesday.

Last autumn the company, saddled with debts worth 80 million kronor, avoided a crisis by selling its regional cinemas to SF Bio. Creditors also agreed to write off 25 percent of the debts.

At the end of May SF Bio bought Astoria's cinemas in Stockholm and Gothenburg, and managing director Mattias Nohrborg resigned. A month later his company, Triangelfilm, went bankrupt.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The power of cooperation: the secret to Swedish success?

Is the Swedish approach to leadership really as special as people think? The Local asks a non-Swedish manager at telecom giant Ericsson for a frank appraisal of Swedes' so-called 'lagom' leadership style.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement