Toulouse: one of the largest cinemas in the agglomeration put up for sale, what will become of it?
By Maxence Dourlen
Published on
What will become of the imposing CGR cinema of Blagnac and its 15 rooms in the coming months? For the time being, it is difficult to have a clear answer as long as communication seems to be locked around its transfer.
The CGR group sells its 73 cinemas
Put up for sale by its two shareholders Luke and Charles Raymondthe CGR group, who own 73 cinemas, 17 hotels and five Burger Kings throughout France could change hands in the coming months. Founded in 1966, in 2022 it represents nearly 700 cinemas in France and attracts 25 million spectators per year. The CGR group is also the second operator in France (12% market share in 2021), behind Pathé Gaumont, and the sixth in Europe.
One of the biggest cinemas in the agglomeration
While cinemas are in a period of resumption of activity after the consequent impact of the health crisis on their attendance, this news has the effect of a bombshell for many CGR operators in France. This is particularly the case in Blagnac, one of the largest cinemas in the Toulouse conurbation, which can accommodate something 2,900 spectators in its 15 rooms.
“We wonder” in Blagnac
Joined by the editorial staff ofToulouse Newsthe director John Baptist Salvat confesses not to be able to make the slightest comment at a time when negotiations are just beginning for the takeover of this historic group. At the stage of other CGRs in France, “we wonder” on the side of the imposing cinema located in the concerted development zone of Grand Noble. Several offers are already on the table from the Raymond family with a takeover which could take place next year at the earliest. In the picture thatand the future of the 3,000 employees of the group will also be at the heart of the negotiations.
The case is estimated at around one billion euros. Notice to lovers of dark rooms…
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