Turnaround at Duralex: a fifth time in 20 years

The fault is a sharp increase in stocks in January and February 2026, which ties up cash, shortages of emblematic products and the cost of raw materials and energy. “ Basically, the turnover revolves around 32 million euros in 2025 for a balance point estimated at around 36he specifies. And the cumulative net result over the period 2018-2024 is around 64 million euros. You can sell more and run out of cash at the same time, it’s quite common “. Without forgetting a crisis of governance with the departure in April 2026 of general manager François Marciano and his son, financial director.

Recovery in SCOP

In July 2024, Duralex was taken over in cooperative by employeesan operation largely backed by public money since the buyer sold the factory walls to Orléans Métropole, which then granted Scop a fifteen-year lease, in addition to a public bank guarantee of around 3 million euros. “ The operation will be difficult to unwind because these assets are apparently worth less than expected once decontamination and asbestos removal are taken into account. », Analyzes the lawyer.

Employees invested in the form of cooperative sharesthat is to say that they became employee-associates (members) by acquiring these shares in the capital of Duralex SCOP SA. “ Concretely, around 60% of the workforce entered the capital when the Scop was created, on August 1, 2024, with amounts committed between 500 and 2,000 euros.he analyzes. We can understand that many of them chose to participate to save their jobs, without really ensuring the viability of the project. “.

A fundraising of 5 million euros

Then, an online collection was launched on November 3, 2025 on the Lita platform, a fundraising of 5 million euros, for modernize the production tool. “ A real popular success with 15 million euros in pledges in 24 hours and more than 21,000 subscribers with an average ticket around 910 euros», he explains. The promise? A remuneration of 8% per year promised by the company. These subscribers have for their part subscribed to participatory securities, that is to say highly subordinated quasi-equity funds.

With the recovery, these debts are frozen during the procedure, and their fate depends on the plan chosen by the court: “ These holders are almost at the end of the line, served after privileged creditors and most others, hence a rsignificant risk of total or partial lossalerts Éric Gaftarnik. The only consolation prize is the 18% tax reduction on the initial investment. “.