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

Source: New York Post

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.