Why is Cirque du Soleil Entertainment Group poised to accept a recapitalization offer from a group of lenders? Is the company struggling? Was it due to COVID-19 and a halt in performances? - Seedly
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Anonymous

Asked on 15 Jul 2020

Why is Cirque du Soleil Entertainment Group poised to accept a recapitalization offer from a group of lenders? Is the company struggling? Was it due to COVID-19 and a halt in performances?

They put up amazing shows so I hope they are ok.

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Frankie Rappaport
Frankie Rappaport
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Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 15 Jul 2020

It became a low quality economy centered mass phenomenon instead of a 'deep' cultural thing like former old style circus individual acrobats.

And so it was vulnerable to Covid and

walks it's earthly way to bankruptcy.

https://www.google.ch/amp/s/business.financialpost.com/news/retail-marketing/cirque-du-soleil-files-for-bankruptcy-following-shutdowns/amp

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