Yahoo News London cinema chain Curzon bought by US private equity giant with 16 sites saved
Curzon has been purchased by US private equity giant Fortress The company, which also owns Majestic Wine, Poundstretcher, and the Punch pub group, confirmed the acquisition of the arthouse cinema chain for an undisclosed amount.
The transaction promises to cement the future of Curzon's 16 locations, its film distribution branch, and online streaming operation, and secures over 350 jobs in the process.
Curzon, a popular name in the British film industry since 1934 and known for bringing some of the earliest foreign language films to UK shores, had previously been auctioned off this year after former owner, American real estate tycoon Charles Cohen—who took over in 2019—faced a lawsuit by Fortress over defaults on multimillion-dollar loans. The investment firm became Curzon's sole bidder at a foreclosure auction.
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It has numerous cinemas in London but has also expanded into cities such as Oxford and Canterbury.
Allison Swayze, managing director at Fortress, said: “Curzon is an iconic film company, with global recognition for its long legacy of releasing and connecting independent and critically acclaimed films to UK audiences.
“We’re pleased to acquire Curzon and bring our support to the company’s dedicated team.
“Curzon has exciting near-term plans which include expanding its cinema footprint, and delivering awards and release plans for an exciting slate of films.
“Our acquisition secures the jobs of more than 350 employees, and helps Curzon continue to offer film fans a range of independent and blockbuster movies both in cinema and at home.”
