theDIBB - View Single Post - is it true disneyland paris filing for bankruptcy monday?

blusteryday · 5 Oct 14, 10:51 AM

From thelocal.fr:

Eurodisney to hold cash crunch crisis talks

AFP | 4 Oct 2014, 07:09

Disneyland Paris, which attracted one million less visitors last year, will hold a special meeting with the workers' council on Monday to discuss its ailing finances, informed sources said.

The meeting will begin before the Paris stock exchange opens, three sources confirmed separately to AFP on Friday.

The meeting will focus on the company's cash flow after the arrival of Eurodisney's new boss Tom Wolber in September.

The company, when contacted by AFP, refused comment but the sources said they had received formal communication regarding the meeting.

The theme park's revenues have slumped due to a huge drop in visitors.

Its net losses in the first six months this year increased by 16 percent to �103.6 million ($129 million) compared with the previous year.

The number of visitors between January and June also fell by 400,000 -- a six percent drop.

Although the group managed to cut its net loss for last year by 25 percent to �64.4 million, that was only achieved through a �1.3 billion refinancing from its US parent firm Walt Disney Company.

5 Oct 14, 10:51 AM	#6
	5 Oct 14, 10:51 AM blusteryday Imagineer
blusteryday Imagineer Join Date: Apr 02 Location: Ferndown, Dorset blusteryday's Reviews Restaurant Reviews: 2 theDIBB Guidebook Pages Created: 12 Guidebook Photos: 8	From thelocal.fr: Eurodisney to hold cash crunch crisis talks AFP \| 4 Oct 2014, 07:09 Disneyland Paris, which attracted one million less visitors last year, will hold a special meeting with the workers' council on Monday to discuss its ailing finances, informed sources said. The meeting will begin before the Paris stock exchange opens, three sources confirmed separately to AFP on Friday. The meeting will focus on the company's cash flow after the arrival of Eurodisney's new boss Tom Wolber in September. The company, when contacted by AFP, refused comment but the sources said they had received formal communication regarding the meeting. The theme park's revenues have slumped due to a huge drop in visitors. Its net losses in the first six months this year increased by 16 percent to �103.6 million ($129 million) compared with the previous year. The number of visitors between January and June also fell by 400,000 -- a six percent drop. Although the group managed to cut its net loss for last year by 25 percent to �64.4 million, that was only achieved through a �1.3 billion refinancing from its US parent firm Walt Disney Company. __________________ Rob Before hitting that "Submit Post" button, re-read what you've typed and consider: Is it true? Is it kind? Is it helpful? Is it necessary?