What Was The Selling Price Of Landmark Theaters?

Cohen Media Group has acquired Landmark Theatres, the largest owner of art-house cinemas in the United States, for an undisclosed price. The acquisition follows a series of theater purchases by Cohen Media Group, including New York City’s first multiplex, Quad Cinema, and the independent movie chain. Landmark Theatres, which includes the Crest Cinema Center in Shoreline, was acquired by Mark Cuban and Todd Wagner for an undisclosed sum. The sale ends months of speculation about Landmark’s fate and is part of a foreclosure auction against Cohen Bros. The company will acquire the nation’s largest and most prominent stateside independent theater chain, spanning 252 screens in 27 markets.

Landmark Theatres, founded in 1974 in the United States, was formerly dedicated to exhibiting and marketing independent and foreign films. The company has been interested in acquiring Landmark Theatres since it was put up for sale seven months ago and has also pursued purchasing it. After approximately eight months on the selling block, Landmark Theatres is being purchased by Oscar-winning theatrical distributor and producer Cohen Media Group. The company was acquired by Belgian company Kinepolis in 2017 for $123 million. Landmark Cinemas of Canada Inc.

Who is the owner of landmarks?

Micky Jagtiani, an Indian billionaire businessman, was the chairman and owner of the Dubai-based Landmark Group. Born in 1952, he attended schools in Chennai, Mumbai, and Beirut before moving to London. He dropped out of an accounting school and returned to Bahrain, where he took over his deceased brother’s shop, Babyshop, which he turned into a baby products shop. After 10 years, he expanded the shop by opening six new shops. After the Gulf War, he moved to Dubai and founded the Landmark Group.

The group expanded into fashion, electronics, furniture, and budget hotels in the Middle East and Southeast Asia. It employs around 45, 000 people and has over 1000 stores across the Persian Gulf region, Middle East, and India.

What is the market share of landmark cinemas?

Belgium-based Kinepolis Group NV has completed its acquisition of Landmark Cinemas Canada Limited Partnership for around $123 million. Landmark Cinemas is Canada’s second-largest movie theatre exhibition company, operating 44 movie theatres in Central and Western Canada. Kinepolis, a trendsetter in the cinema industry, now operates 92 movie theatres with 802 screens and more than 180, 000 seats in Belgium, France, The Netherlands, Spain, Switzerland, Luxembourg, Poland, and Canada.

The acquisition is Kinepolis’s first outside of Europe and aligns with its expansion strategy, offering new growth opportunities through acquisitions and new-build movie theatres. Kinepolis was represented by Davies Ward Phillips and Vineberg LLP, with a team including Cameron Rusaw and Sarah Elharrar, George Addy and Elisa Kearney, Raj Juneja, Sarah Powell, and Pawel Mielcarek. Stibbe cvba/scrl acted as Belgian counsel to Kinepolis, while in-house representation was provided by Hilde Herman, Senior Legal Advisor.

Who is CEO of Landmark Group?

The Landmark Group’s approach to corporate governance emphasizes doing what is right and doing business as well as what is for the business. The company believes in the importance of high standards of corporate ethics towards employees, communities, and the environment. This approach leads to sustainable, profitable growth, creating long-term value for people, business partners, customers, and shareholders.

Who bought Landmark Theatres?

In 2013, Landmark Theatres announced the opening of an eight-screen complex in Capitol Point, Washington, D. C. The company later acquired Atlantic Plumbing, a six-screen cinema in Washington, D. C., and the Nickelodeon Theatres in Santa Cruz, California. In December 2016, Landmark opened their luxury theatre at Merrick Park in Coral Gables, Florida, which was their first location and currently only location in Florida.

In June 2017, Landmark closed their Seven Gables and Guild 45 theaters in Seattle for renovation purposes. In September 2017, Landmark opened a new east coast flagship theatre, The Landmark at VIA 57 West in Midtown West Manhattan. In 2018, their prior NYC flagship, the Sunshine Cinema, closed.

In April 2018, Wagner/Cuban put Landmark up for sale, which was finalized on December 4, 2018, and the theatre chain was purchased by Charles S. Cohen, who also owns Cohen Media Group. After the acquisition, Landmark took over booking for another Cohen-owned theater, the Quad Cinema in New York City.

In September 2019, the Guild Theatre in Menlo Park, CA closed. Long-time CEO Ted Mundorff resigned, and Paul Serwitz was announced as the company’s new COO and President on October 30, 2019.

In late January 2020, Landmark Theatres announced the closure of two locations, the Clay Theatre in San Francisco and the Ritz at the Bourse in Philadelphia. The last day of business for both locations was January 26, 2020. In February 2020, Landmark ceased operations at their last single-screen theater in San Diego called the Ken Cinema. In August 2020, Landmark proceeded to close its VIA 57 West location after three years of operation due to its distance from public transit.

In June 2021, Landmark Theatres was evicted from Uptown Theatre in Minneapolis due to unpaid back rent. In November 2021, Landmark acquired the lease to the former Arclight Cinemas at The Glen Town Center in Glenview, Illinois, and began operating the location the following year.

In April 2022, Landmark assumed operation of the Annapolis Harbour Center. In May 2022, Landmark ceased operation of their cineplex The Landmark on Pico and The Shattuck Cinemas in Berkeley and acquired the Playhouse 7 in Pasadena. In September 2022, Landmark opened the Landmark Closter Plaza. In June 2023, Landmark ceased operation of the Albany Twin Cinema in Albany, California.

Who is the CEO of Landmark company?

Renuka Jagtiani, the chief executive officer and chairwoman of the Dubai-based Landmark Group, has a net worth of $4. 8 billion. She established the company in 1973 with her late husband, Micky Jagtiani. Subsequent to his demise in May 2023, she has assumed control of the enterprise, which employs in excess of 50, 000 individuals.

Who is the owner of landmark cinemas?

Landmark, acquired by Kinepolis Group NV in December 2017, is Canada’s second-largest motion picture theatre exhibition company. With 36 theatres across Western Canada and Ontario, Landmark offers a variety of formats including Premium Large Format (PLF) brands, RealD 3D technology, Premiere Seating, Full-Recliner Seating, and Reserved Seating. The company is committed to supporting the mental health and well-being of its youth guests and cast and crew through promotional support and fundraising initiatives.

Landmark has been providing a perfect setting for movie lovers to connect and share their love of movies since 1965. The company also supports Kids Help Phone, a national sponsor of Walk So Kids Can Talk.

Who is the ownership of Landmark Group?

Micky Jagtiani, an Indian billionaire businessman, was the chairman and owner of the Dubai-based Landmark Group. Born in 1952, he attended schools in Chennai, Mumbai, and Beirut before moving to London. After dropping out of an accounting school, he returned to Bahrain and took over his deceased brother’s shop, Babyshop, which he turned into a baby products shop. After 10 years, he expanded the shop by opening six new shops. After the Gulf War, he moved to Dubai and founded the Landmark Group.

The group expanded into fashion, electronics, furniture, and budget hotels in the Middle East and Southeast Asia. It employs around 45, 000 people and has over 1000 stores across the Persian Gulf region, Middle East, and India.

What company owns landmark?

Landmark is a for-profit company with over 600 employees. It is owned by an Employee Stock Ownership Plan (ESOP) and similar international plans. The executive team is accountable to an annual Board of Directors. Landmark is renowned for its exemplary business leaders and attracts over 193, 000 participants annually.

What is the net worth of Landmark Group owner?

Renuka Jagtiani, the CEO and chairwoman of Dubai-based multinational consumer conglomerate Landmark Group, has been added to the list of notable figures with a net worth of $4. 8 billion. Founded by her late husband, Micky Jagtiani, the company has grown significantly under her leadership, employing over 50, 000 people. Jagtiani holds a Bachelor’s degree in Arts from the University of Mumbai and has been recognized for her business acumen, including the Outstanding Asian Business Woman of the Year in 2007 and Businesswoman of the Year in 2012.

Who is the CEO of landmark?

Paul Onwuanibe, the Chief Executive Officer of Landmark Africa Group, is a prominent figure in the African business landscape.