🍿New Chapter 11 Bankruptcy Filing - VIP Cinema Holdings Inc.🍿

Feb 19, 2020

∙ Paid

VIP Cinema Holdings Inc.

February 18, 2020

VIP Cinema Holdings Inc. and four affiliates (the “debtors”) filed prepackaged chapter 11 bankruptcy cases in the District of Delaware; they are manufacturers of luxury seating products for movie theaters. Here’s the problem: end user customers stopped ordering their stuff. Yup, that’s right, there’s a finite mar…

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