Kippreport looks into the new trend and the change in strategyNovember 29, 2015 5:01
Cirque du Soleil
The world famous circus is in town, and we bring you the stories from its people.
March 23, 2009 8:07 by Aarti Nagraj
According to Forbes, Cirque had sales of $733 million and operating profits of $175 million in 2008.The company also has a debt of less than $100 million.
“We will grow this year,” Guy Laliberte told the magazine earlier this month, predicting that sales will rise 15 percent to $830 million as three new shows open. “But we are going to be more cautious and cut out major expenses.”
“We have seen a slight slowdown, especially in Los Angeles, as I think the US has been hit harder than most other places [by the financial crisis], but we are also maintaining a good rhythm and ticket sales,” says Mackenzie. “And I think a lot of this sales comes from escapism, as people want to get away from worrying about their diminishing bank balance,” he adds.
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