Alex Scrimgeour, CEO of Everyman Media Group, has resigned with immediate effect, less than three weeks after the company issued a trading update showing weaker-than-expected revenue and earnings. Farah Golant, a non-executive director, will take over on an interim basis.
Everyman, known for its luxury cinemas and gourmet menus, operates 49 venues across the UK. The company now expects 2025 revenues of £114.5m and underlying earnings of at least £16.8m, down from previous forecasts of £121.5m and £19.9m.
Chairman Philip Jacobson praised Scrimgeour’s role in leading Everyman through its post-Covid recovery, which more than doubled revenue. However, critics note the share price fell 76% during his tenure, and competitors like Vue and Odeon have replicated Everyman’s luxury cinema experience, eroding its market edge.
Analysts suggest private equity, particularly Blue Coast Private Equity which holds a 29% stake, might buy out the chain to execute a turnaround strategy away from public scrutiny.
