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UPDATE 1-Cirque du Soleil emerges from bankruptcy protection

Nov 24, 2020 - Reuters UK
Board and Executive Moves-Investments-Bankruptcy

(Adds details on deal with creditors, background)

Nov 24 (Reuters) - Canada’s Cirque du Soleil Entertainment Group said on Tuesday it had emerged from bankruptcy, after the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off artists earlier this year.

The once high-flying Cirque, which grew from a troupe of street performers in the 1980s to a company with global reach, has slashed about 95% of its workforce and suspended shows due to the pandemic.

It had filed for bankruptcy protection in June and reached a new purchase agreement with secured lenders shortly after...