Coronakrisen has sent the world famous circus the Cirque du Soleil brand in the knees and the circus has now applied for konkursbeskyttelse by a canadian court.
It informs the company behind, the Cirque du Soleil Entertainment Group, in a press release.
If the court of Canada approves the application, it will Cirque du Soleil to search for similar protection in the UNITED states during the country's konkursreglers.
Konkursbeskyttelse means that Cirque du Soleil is in the temporary shelter for the creditors, as the circus owes money. A konkursbeskyttelse may mean that the debt will be cancelled in exchange for the sale of assets, or that there will be a plan to reduce the debt.
Coronakrisen has meant that the circus has had to cancel all activities.
Thus have no shows been. Therefore, the management has been forced to seek konkursbeskyttelse.
Cirque du Soleil has 36 years delivered spectacular cirkusshows the world over. Circus has a number of solid performances in Las Vegas in the UNITED states. In addition, circus a number of turnetrupper, who travels the world and performs.
the Circus has made a rescue plan and according to the media Finance are 3500 people to lose the job, if successful for the circus to survive in a new construction.
As part of the bail-out have Cirque du Soleil entered into an agreement for a sale of virtually all of the company's assets to a number of existing shareholders.
With the agreement will be 300 million u.s. dollars, which must be used to restart the activities.
At Cirque du Soleil express the hope that the rescue can succeed.
Daniel Lamarre, president and head of Cirque du Soleil Entertainment Group, says that they are ready to regenerate the circus.
I look forward to rebuilding our business activity and to keep together in order to re-create the magical spectacle that is Cirque du Soleil, millions of our fans around the world, he says in the press release.