A final hearing to determine the fate of Duralex, a French glassworks company facing potential closure, is set for Monday, October 12, before the commercial court in Orléans. The hearing is expected to confirm the end of the cooperative and separate three candidates for the takeover, two of which are considered credible. The company's management mentioned in a LinkedIn post that the meeting would determine the "continuation of the Made in France adventure." The decision could, however, be postponed to a later date. François Bonneau, president of the Centre-Val de Loire region, estimated to AFP that "there is a certain sense of urgency and we are really approaching the conclusion."
Duralex was placed under judicial restructuring on June 1, the fifth in a twenty-year period, and its future remained uncertain for a while. However, the hope of saving this flagship of French industry, with its iconic glasses in school canteens, while maintaining at least half of the jobs has been revived in recent weeks. Suliman El Moussaoui, a CFDT union representative, affirmed in mid-September that a favorable outcome for Duralex was possible. The court must examine the three offers from the candidates for the takeover on Monday.
Two of the offers are "well advanced," according to El Moussaoui: that of the Saint-Étienne-based group Carlesimo and that of the French entrepreneur Cédric Meston. The latter relies on his holding company Tomé, known as a co-founder of the startup HappyVore (plant-based meat substitutes) and for having acquired Tupperware France in 2025. Meston indicated to Duralex's administrators that his project had the support of billionaire Xavier Niel. According to the newspaper La République du Centre, he would mobilize around 15 million euros for the acquisition of Duralex, including 5 million in equity. Carlesimo and Tomé propose to retain respectively 125 and 155 jobs, for a workforce of 243 employees at the beginning of the year.
At Bercy, it is estimated that, among the three applications, the two industrial proposals are "interesting." The third application, presented by the Hong Kong-based company AA Investments, would only aim to acquire the brand and retain only three employees. It is described as "anecdotal" by an observer. The current general director Peggy Sadier estimated that the glassworks had managed "to restore the cash flow," which had been multiplied by "eight," according to her, since the change in leadership on April 2. "This shows that there is a path for Duralex," said Ms. Sadier.
Duralex's Future Decided in Final Court Hearing as Jobs Hang in Balance
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