LAS VEGAS (FOX5) — Cirque du Soleil plans to restructure the company and “restart business” by filing for protection against creditors, a company spokesperson confirmed Monday.
Due to “immense disruption” caused by the COVID-19 pandemic related to canceled performances and economic hardship, Cirque du Soleil Entertainment Group seeks to settle its debts and “restart business” with a comprehensive restructuring plan.
“For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization. However, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the Companys future,” President and CEO of Cirque du Soleil Entertainment Group Daniel Lama…
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