Cinémas Guzzo
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Cinémas Guzzo
Cinémas Guzzo is a former regional chain of movie theaters, currently operating only one location in the Canadian province of Quebec. On February 6, 2025, all its locations were temporarily closed and operations suspended, following a court order to liquidate assets in order to repay debt owed to creditors. It is uncertain if the theater chain will survive. As of May 2025, only the Terrebonne (French-only) theatre location reopened. History Cinémas Guzzo was started by Angelo Guzzo shortly after immigrating to Canada. He was born in Italy in 1946. In 1969, Vincenzo Guzzo was born and remains the Guzzo's only child. Vincenzo has had 5 children. After serving as the company's executive vice-president since 1990, as of 2018, Vincenzo took on the position of president. In 2000, Cinémas Guzzo was identified as one of the 50 best managed private companies in Canada. In 2001, revenues for the company were approximately $45 million, up roughly $5 million from the previous year. 20 ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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