Finland's Tivoli Carnival Closes After 138 Years of Operation
1 report, 1 independent
Updated Fri 00:00
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What happened
Tivoli, the mobile amusement outfit, has announced it will close after 138 years of operation. The company has been facing serious financial difficulties, culminating in its seventh consecutive loss-making fiscal year. The company stated that it could not afford the relocation costs required for the intended journey from Oulu to Kajaani in July.
From yle.fi
Why it matters
Tivoli, which was founded in 1888, was a major cultural fixture in Finland, drawing hundreds of thousands of visitors annually. The company attributed its financial strain to the long-term effects of the Covid pandemic, rising inflation, increasing energy costs, and the sluggish state of the Finnish economy.
From yle.fi
Who's involved
- Tivoli A/SThe company that is closing its operations after 138 years.
- TivoliThe long-running mobile amusement outfit that is ceasing operations.
- KajaaniThe destination where the company was unable to complete its intended travel.
- OuluThe origin point for the carnival's intended journey.