Cirque du Soleil Entertainment Group says it has completed the sale company to a group of its creditors led by Catalyst Capital Group
The company announced the closing of the transaction with its secured lenders and its emergence from court protection from creditors Tuesday.
Cirque was forced to cancel its shows earlier this year and cut nearly 3,500 employees due to the pandemic.
(Sponsored)
DYMON and The Ottawa Mission celebrate record-breaking Giving Tuesday success
The Ottawa Mission is celebrating a historic Giving Tuesday after raising more than $1.1 million in support of people experiencing homelessness, hunger, and poverty — the most successful Giving Tuesday
In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
As part of the transaction, former MGM Resorts International chief executive Jim Murren and Catalyst Capital managing director Gabriel de Alba were named as co-chairmen of the company’s board of directors.
Daniel Lamarre will remain as president and chief executive, as well as continue to sit on the company’s board.
The new owners have also agreed to keep the company’s headquarters in Montreal.
