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Everyman cinema chain boss leaves weeks after profit warning
Everyman Media Group cut revenue forecasts to £114.5 million and earnings to £16.8 million after weak fourth-quarter box office performance and consumer spending pressure.
- On Monday, Everyman Media Group said Alex Scrimgeour left with immediate effect and non-executive director Farah Golant was named interim chief executive.
- On 10 December, a trading update revealed Everyman Media Group expects revenues of �114.5m for 2025 and underlying earnings at least �16.8m, down from forecasts of �121.5m and �19.9m.
- Mr Scrimgeour led Everyman Media Group since January 2021, after running Cote Brasserie, while the chain with 49 cinemas across the UK said fourth-quarter box office was weaker amid consumer spending pressures.
- Shares plunged to record lows after the profit alert and his sudden departure, and the board has kicked off an external search while Farah Golant leads on an interim basis.
- Major investor Blue Coast Private Equity, which holds 29%, was suggested as a buyer while critics noted `The share price fell by 76% during his tenure and time had run out.
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Everyman Cinema Chief Executive Steps Down Weeks After Profit Warning
Alex Scrimgeour, boss of the premium UK cinema operator Everyman Media Group, has stepped down. Scrimgeour’s departure was announced this morning by the company. He has been replaced on an interim basis by non-executive director Farah Golant. Scrimgeour leaves just weeks after the company issued a trading update to shareholders as its shares plunged to […]
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Total News Sources16
Leaning Left2Leaning Right0Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
L 18%
C 82%
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