TALLINN: The ambitious Estonian cinema operator and bookstore chain Apollo has announced plans to open its first cinema outside of Estonia in Riga, Latvia.
The company is planning to open a nine-screen multiplex with a total capacity of over 1,200 seats in the new shopping mall and recreational centre Akropolis, to be completed in 2016. The company’s CEO, Mauri Dorbek, says the expansion is a logical step in their strategy to become the Baltic’s leading cinema operator over the next few years and the expansion will not be limited to Riga.
Apollo already operates two multiplexes in Estonia and has recently announced the opening of a third in Tallinn in 2015. Apollo also operates 11 bookshops in the Baltics. The group is a privately held company owned by Estonian capital with a turnover of 13.2 M EUR in 2013.