50+ Businesses That Are Not American Anymore

Published on 10/22/2021
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Starplex Cinemas

Starplex Cinemas, on the other hand, was never able to match AMC’s level of success. After all, the company only has 34 locations across the US. Many people in the United States have never visited one of its theaters because it does not have a presence in many parts of the country. In 2015, AMC Theaters paid $175 million for the property.

Starplex Cinemas

Starplex Cinemas

The former theater locations were then converted into AMC Classics locations. We’ve already informed you that AMC is now under the control of the Dalian Wanda Group, a Chinese conglomerate. The company has faded into obscurity since all of the Starplex theaters were converted into AMC locations in 2017. As evidenced by this statement, Dalian Wanda Group and AMC have effectively taken it over.

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California Grapes International Inc

In the Californian city of San Jose, this one began as a small, family-owned business. Its primary focus used to be on wine distribution. However, the company’s fortunes began to change after China Food Services Corp. purchased California Grapes International Inc. Despite this, due to the economic downturn, it has been forced to fade into obscurity. Neither of the parties have mentioned the total cost of the purchase.

California Grapes International Inc

California Grapes International Inc

What does China Food Services Corp, which was founded in 1992, stand for? It is “involved in the marketing and distribution of food and beverages throughout Asia and the Middle East,” according to the company. It owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. as part of its operations.”

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