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Fancy theater chain’s champagne and filet mignon couldn’t save it from bankruptcy

Fancy
New York Post Fews App News Provider
Fews App Post Time Hace 22h

Luxury movie house chain iPic Theaters is heading to bankruptcy court — but says the show isn’t over just yet. The high-end dine-in cinema operator quietly filed for Chapter 11 protection late last Thursday, plotting a court-supervised sale of its assets while promising to keep the popcorn popping during what it calls an “expedited” fire-sale process. Behind the scenes, all employees were slapped with WARN notices as the company braces for potential layoffs.

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