The Cavalia group, producer of extravagant, world-famous equestrian shows, filed for bankruptcy at the end of April. According to a CTVNews report, documents submitted to the Superior Court indicate the group’s debts to its creditors total more than $28 million.
Cavalia is based in Montreal and was founded by Normand Latourelle; other entities in addition to the parent company include Illumi Productions, Centre de création Cavalia and PNL Productions Hivernales. Their major creditors include Caisse Desjardins du Plateau-Mont-Royal ($10.4 million), Investissement Québec ($4.4 million), Société de développement des entreprises culturelles ($3.5 million) and Canada Economic Development ($1.8 million). Creditors’ meetings will take place on May 12.
The company launched its first Cavalia equestrian show in 2003, and the $30 million extravaganza Odysseo in 2011 which showcased 70 horses and 50 performers. More recently, Cavalia created the Illumi project in Laval in 2019, a themed multimedia trail featuring light structures. The city went to court last year to force Cavalia to vacate the site.
Latourelle, wo has said that less than one per cent of the company’s revenue comes from subsidies, commented in The Journal de Montréal: “The broken promises of recent years have hurt us. This is why we are experiencing the current situation, which is taking place against our will, with great sadness.”
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