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2 clusters · 8 sources · 6 days · First seen · Last updated

Duralex takeover and receivership proceedings

Overview

French glassware manufacturer Duralex, which has been in receivership since June 1, is undergoing a takeover process to determine the future of its 243 employees. By September 11, the company confirmed three bidders: Cédric Meston (via the holding company Tomé), the Saint-Étienne-based Carlesimo group, and the Hong Kong-based AA Investments.

As the Orléans Commercial Court prepares to rule on the competing offers, Cédric Meston has confirmed he is maintaining his bid despite an investigation by the Orléans prosecutor’s office. The investigation is examining alleged management failures following the company’s transition to a worker cooperative in July 2024, specifically regarding the use of public funds and state bank guarantees.

Entities

Cédric Meston · Orléans Commercial Court · Duralex · AA Investments · Orléans Métropole

Timeline

  1. [BUSINESS] 5 sources
    Duralex takeover bid maintained by Cédric Meston despite investigation

    Cédric Meston is maintaining his bid to acquire Duralex despite a judicial investigation into the glassware company's management and use of public funds. A court ruling is expected Thursday.

  2. [BUSINESS] 3 sources
    Duralex confirms three bidders for takeover amid receivership

    Three bidders, including Cédric Meston, the Carlesimo group, and AA Investments, have submitted offers to acquire the French glassware company Duralex following its receivership.

Sources

estrepublicain.fr · la-croix.com · Lalsace.fr · ledauphine.com · leprogres.fr · lesinguliersete.fr · nachrichten.fr · republicain-lorrain.fr