Corona Capital: As zombie companies proliferate, movie-theater chain AMC Entertainment flirts with undeadness, too. Read the latest pandemic-related financial insights:
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.European zombie companies are proliferating faster than ever before due to the Covid-19 crisis.
to the companies they supported during the crisis, and by boosting growth through fiscal stimulus. The alternative may be a slower and weaker recovery. New Jersey over coronavirus-related closures, Reuters reports. Along with other movie-theater chains, it’s saying the U.S. state should let them reopen having allowed churches, retail stores and other places to do so. It’s one sign of the company’s economic distress.
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