Cavalia déclare faillite

The Canadian entertainment company Cavalia has declared bankruptcy after facing unsustainable financial challenges exacerbated by the COVID-19 pandemic. Known for its innovative performances combining horses, acrobatics, and technology, Cavalia struggled with the prolonged closure of venues and resulting loss of revenue. The company attempted restructuring efforts, but ultimately these were insufficient to overcome its financial troubles. Employees have been laid off, and creditors are assessing the remaining assets. Despite its closure, Cavalia is remembered for its creative contributions to live entertainment.