Key Highlights
- Coca-Cola Europacific (CCEP) this week issued Vue with a “winding-up petition,” which in the UK is often the last resort taken by a creditor when attempting to recover debt.
- A significant step, CCEP was essentially seeking a court order to put Vue’s UK operating company into liquidation, meaning it faced the threat of closure.
- Debt recovery specialist Coltman Warner Cranston was acting for CCEP, per a legal filing.
- Related Stories News Warner Bros' Jeff Goldstein Sounds Alarm On Economics Of Making Movies: "We Have To Figure Out How We Can Right The Ship" - CinemaCon News Vue Hires Chief Information Officer & General Manager In The Netherlands Since the petition was filed, however, the matter has been settled.
- A spokesperson for Vue said: “Vue and Coca-Cola can confirm that all outstanding payments have been resolved.” A CCEP spokesperson echoed this sentiment.
