Cirque du Soleil Files For Bankruptcy
Due to the COVID-19 pandemic, Cirque du Soleil filed bankruptcy today (Monday.)
In March, the circus company was forced to shut down productions all over the world, leaving 3,500 workers with no job.
Cirque du Soleil has filed for bankruptcy three months after it suspended production of its shows, including six in Las Vegas. https://t.co/brO3tx0Fsy
— CNN (@CNN) June 29, 2020
A group of existing investors will take over the company for $300 million as well as financially support the laid-off workers.