Cirque du Soleil Entertainment Group have filed for bankruptcy after the coronavirus pandemic forced it to close productions around the world.The group, best known for its flamboyant touring circuses, said the coronavirus pandemic had forced it to cancel shows and lay off its artists. The company will now try to restructure while shedding about 95% of its staff.
With zero revenue since the forced closure of all of our shows due to Covid-19, the management had to act decisively, said boss Daniel Lamarre.
Cirque du Soleil Entertainment Group announced that it, and certain of its affiliated companies have filed for protection from creditors under the Companies Creditors Arrangement Act in order to restructure its capital structure. I…
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