Cirque du Soleil has filed bankruptcy for bankruptcy protection in Canada, where the company has its headquarters. Cirque du Soleil filed for bankruptcy in Canada on Monday while it develops a plan to restart its business amid the pandemic. Cirque du Soleil also announced the termination of approximately 3,500 employees previously furloughed in MarchIn 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 as well as Investissement Quebec as a debt provider. The Las Vegas shows that were cancelled included O at the Bellagio, KA at MGM Grand, The Beatles LOVE at the Mirage, Mystere at Treasure Island, Zumanity at New York-New York and Michael Jackson ONE at Mandalay Bay. Cirque du Soleil shows in Austin, Texas, Chicago, Houston, New Orleans, Salt Lake City, Montreal, Boston, Tel Aviv, Meloneras, Spain, Munich, Costa Mesa, Denver, and the Australian cities of Melbourne, Adelaide and Perth have also cancelled.

Source: Daily Mail June 29, 2020 21:36 UTC