Maury Imprimeur, a major French printing company, has initiated judicial restructuring for its main business and safeguard procedures for its subsidiaries, including Roto France Impression, Key Graphic, and Maury Holding. Despite these measures, the company's financial health has deteriorated significantly over recent years. The restructuring aims to ensure the continuity of operations, but the firm now faces challenges in maintaining its role in France's print industry, which includes magazines, weekly publications, and mass-market books. The Tribunal des Activités Économiques de Paris has opened procedures for the group, which is now working on a plan to continue its operations. Maury insists that its industrial sites are still functioning normally and that ongoing orders are being fulfilled. Financial figures from 2025 highlight a sharp decline in the group's performance. Maury Holding, the parent company, reported 104 million euros in revenue this year, down from 108 million in 2024 and 121 million in 2022. The group's operating profitability fell to 1.36 million euros in 2025, compared to nearly 6 million euros three years earlier. After accounting for all expenses, the company recorded a loss of nearly 6 million euros, ending the year with a net loss of 3.6 million euros. Its equity has also dropped from 48 million euros in 2022 to 27.2 million euros by the end of 2025. Maury Imprimeur, the main industrial company within the group, saw its revenue fall to 53 million euros in 2025, down from 59.2 million in 2024 and 69.3 million in 2022. It recorded a net loss of 3.78 million euros in 2025, with only a small financial safety margin of 2.29 million euros in equity and 1.17 million euros in cash, while its financial debt exceeds 6.5 million euros. Roto France Impression, another key subsidiary, also posted a net loss of just over one million euros in 2025, with a 6.2% drop in revenue compared to the previous year. Key Graphic, a smaller subsidiary specializing in pre-press work, was the only one to report a profit of 173,000 euros in 2025. Restructuring efforts began in 2024, with plans to consolidate operations in the Loiret region and shift production from Malesherbes to Manchecourt. The goal was to reduce costs related to energy, paper transportation, and fixed expenses, as the demand for printed magazines and advertising flyers declined. In 2025, the company announced a plan to cut 52 jobs and create eight new positions in Manchecourt, but the plan was ultimately rejected. The CGT union criticized the company's management, claiming it had poor organization and was overly dependent on the magazine market without diversifying its business. The union also accused the company of asking it to keep its difficulties secret to protect its public image. Maury has completed its real estate restructuring, selling its former Malesherbes site to the German company Garbe Industrial Real Estate in May 2026. The site will be converted into a data center, while the equipment and production have been moved to Manchecourt. The company claims it financed these changes itself with support from its family shareholders and without public assistance. However, it had previously received some state support to manage rising energy costs. Arthur Rozen, a specialist in companies undergoing restructuring, has been appointed as CEO. Maury attributes its decline to the digitization of media, the decline in paper-based advertising, and rising energy and paper costs. It estimates that the French industrial printing market fell by about 15% in the first half of 2026. Maury Imprimeur and Roto France Impression employ nearly 500 people and handle the printing of 36 national weekly newspapers, as well as millions of paperback books and other publications. The company remains one of the few in France with the capacity to perform offset printing, binding, and routing on a single site. If Maury were to cease operations, it could cause disruptions in the printing of high-circulation weekly newspapers, leading to delays and increased costs. The company also highlights the impact of its potential closure on the diversity and freedom of the press, particularly as the 2027 presidential election approaches. The company is urging its customers to meet their financial obligations and to accept a new commercial policy. This policy is aimed at improving cash flow by collecting receivables and adjusting prices to cover production costs. The group still faces a significant working capital need, with 24.1 million euros at the consolidated level and 13.9 million euros for Maury Imprimeur alone. The delayed payment of August salaries has made these financial challenges more tangible for employees, who now face uncertainty about their ability to meet daily expenses. Pierre-Antoine Laporte, president of the group, questions whether France still wants to maintain a print industry, as the sector faces a difficult landscape with other companies, like the Gibert group, also undergoing restructuring.