Vincenzo (Vince) Guzzo, owner of Cinemas Guzzo, has announced the upcoming closure of Cinema Des Sources in Dollard-des-Ormeaux.
The theater is set to shut its doors within the next two weeks.
Guzzo revealed that the decision comes after ongoing struggles to keep the business afloat.
Adding to the challenges, Quebec Superior Court Judge Michel Pinsonnault has placed Cinemas Guzzo under interim receivership, ordering the company to open its books to Raymond Chabot. CIBC, the company’s primary lender, claims Cinemas Guzzo owes approximately $38 million.