Fleuron Quebecois for more than two decades, the Cavalia group, renowned for its equestrian shows and its illuminated installation in Laval, declares bankruptcy, according to what the Journal of Montreal.
Posted at 8:26 a.m.
The group, in financial difficulty, has more than $ 20 million debts. Among the creditors, note Investissement Québec, the Development Society for Cultural Businesses (SODEC), Economic Development Canada, as well as Caisse Desjardins du Plateau-Mont-Royal.
Among the difficulties encountered by the company, a request for injunction of the city of Laval, Cavalia not having dismantled in the times of the lights of Illumi. The agreement between the Illumi and Laval team ended in January 2024.
“I find it sad, and a little surprising,” said The press The founder of Cavalia and creator of Illumi, Normand Latourelle, about the impossibility of extending the agreement in Laval. It is a popular event, and it costs nothing, in Laval, that we are there. »»
In addition, like several other cultural companies, the Pandemic of COVVI-19 has harmed the activities of the group.
