I look forward to rebuilding our operations and coming together to once again create the magic spectacle that is Cirque du Soleil for our millions of fans worldwide.
"With zero revenue since the forced closure of all of our shows due to Covid-19, the management had to act decisively", said boss Daniel Lamarre.
The Texan fund TPG Capital (with a 60 per cent stake), the Chinese firm Fosun (20 per cent) and the Caisse de depot et placement du Quebec (20 per cent) will inject US$100 million, while Investissement Quebec will provide a US$200-million loan.
Kyrgios Calls out Zverev's Selfish Behavior in Instagram Rant
It's a global pandemic and if someone is as idiotic as Alex [Zverev] to do what he has done, I'll call him out for it. But Becker does not appear to side with Kyrgios and took to Twitter on Tuesday to vent his anger.
Montreal-based circus arts show company temporarily suspended its productions around the world in March because of the coronavirus outbreak.
As part of the company's restructuring, approximately 3,480 employees that were previously furloughed back in March have been terminated.
It said it meant to rehire "a substantial majority" of terminated employees, business conditions allowing, once coronavirus-related shutdowns were lifted and operations could resume.
About 700 of them would be in Las Vegas, where the company earned about 40 per cent of its $1 billion in revenue past year and where it hopes to open a show as early as November, Chief Executive Officer Daniel Lamarre said in an interview.
California Gov. Orders Closure Of Bars In 7 Counties Including L.A.
CalMatters.org is a nonprofit, nonpartisan media venture explaining California policies and politics. The enormous surge in cases, which now totals more than 223,900 statewide, has prompted New York Gov.
In connection with the filing, Cirque du Soleil says it has entered into a "stalking horse" purchase agreement with its existing shareholders.
Cirque du Soleil's application for bankruptcy protection will be heard on Tuesday by the Superior Court of Quebec.
However, this does not affect the artists and show staff of the resident shows in Las Vegas and Orlando, as they are expected to resume before the rest of the company's shows elsewhere.
It has almost US$1.6 billion in liabilities. Cirque du Soleil also produces six shows in residence in Las Vegas, including the world-renowned "O" and "The Beatles LOVE", which were also shut down by the pandemic.
France, Justice : François Fillon condamné à 5 ans de prison
Les époux Fillon et Marc Joulaud ont été en outre condamnés à rembourser plus d'un million d'euros à l'Assemblée nationale . Pour rappel des faits, François Fillon et sa femme Pénélope ont été mis en examen pour suspicion d'emploi fictif.