Cirque du Soleil went bankrupt

The famous circus of acrobats Cirque du Soleil is declared bankrupt.

The reason is the coronavirus pandemic, which forced all troupes of the company to cancel their performances and disband 95 percent of all artist employees.

However, Cirque du Soleil has an agreement with existing investors who will take over the management of the company and invest $ 300 million in the resumption of their activities. Nevertheless, while the famous circus is undergoing bankruptcy protection.

Cirque du Soleil was founded in 1984 in Montreal. Before the pandemic, about 5 thousand people worked in it.