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Cirque du Soleil Files for Creditor Protection

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Cirque du Soleil filed for creditor protection in Canada on Monday (June 29) while it develops a plan to restart its business amid the pandemic.

The creator of many of the most popular shows in Las Vegas on Monday blamed the “immense disruption and forced show closures as a result of the COVID-19 pandemic.” The Montreal-based circus arts show company temporarily suspended its productions around the world in March because of the new coronavirus outbreak.

Cirque du Soleil also announced the termination of approximately 3,480 employees previously furloughed in March. In connection with the filing, Cirque du Soleil said it has entered into a purchase agreement with its existing shareholders TPG, Fosun and Caisse de depot et placement du Quebec

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