Find in the news:
BY COUNTRY

Cirque du Soleil has filed for bankruptcy



To stop the financial losses, the company has already suspended over 3,500 people.
Cirque du Soleil

Canadian company Cirque du Soleil ("Circus of the Sun"), known around the world for its innovative circus performances, has filed for bankruptcy. The main reason for this move is the massive closure of the show due to restrictions imposed in many countries in connection with the Coronavirus pandemic. 

For three months starting March 2020, all shows, including six stationary appearances in Las Vegas and 44 shows on tours around the world, were suspended. Cirque du Soleil faced significant financial difficulties, and the size of its debt forced the company to go bankrupt. Cirque du Soleil's debts are on the order of a billion dollars. 

After filing for bankruptcy proceedings, Cirque du Soleil Entertainment Group intends to restructure its debt with the help of the Canadian government and private investment companies. It is also reported that the company has concluded a supervised deal with its shareholders, including American company TPG Capital and Chinese company Fosun Capital Group. 

So far, according to the deal, the company has already managed to raise about $300 million in funding to ease the situation of the company and possibly reboot its operations. The agreement also includes $15 million in funding to support employees who have been suspended. 

Cirque du Soleil's management intends to undertake a significant restructuring and expects to be able to stabilize the company and resume operations as a result.

More about shopping malls in the USA



Mar 24, 2024, China:
Apple's newest store in Shanghai opened on March 21.
Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Friend
and Follow
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us