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Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. [67] If not resolved, the company warned in its 2008 annual report [69] that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. [68]
Its TV commercials would count this as "no flags": Six Flags, which operates 20 amusement parks, filed for Chapter 11 bankruptcy Saturday. It's been one long downhill ride for the thriller, which ...
The new entity was named GSC/Six Flags Corp, headquartered out of Los Angeles [44] the new company oversaw the theme parks, wax museums, and real estate properties. [45] Bruce C. Juell who was president of Great Southwest Corp. was elected chairman and chief executive officer. [ 45 ]
Six Flags Entertainment Corporation, often referred to simply as Six Flags, is an American amusement park corporation headquartered in Charlotte, North Carolina, United States. It was formed on July 2, 2024, following a merger between longtime rivals Cedar Fair and the former Six Flags company .
Some of Six Flags' 42 theme parks throughout the U.S. could be closing, The Independent is reporting. On Wednesday, Six Flags Entertainment Corporation released its quarterly earnings report ...
Jefferies analyst David Katz initiated coverage on Six Flags Entertainment Corporation (NYSE:FUN) with a Buy rating and a price target of $59.00. The analyst writes that the merger of Six Flags ...
James Reid-Anderson (born 12 April 1959) [1] is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade ...
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
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