Arc France, a subsidiary of Arc Holdings, has been placed into administration – with up to 500 jobs potentially at risk at the company’s manufacturing facility in Arques, France.
Reports emerged this week that Lille Métropole Commercial Court has approved a request by the French glass manufacturer to be put into judicial administration, meaning the company can continue to carry out operations while undergoing a restructuring process.
Speaking with Tableware International, Arc UK’s MD Adam Devey, made it clear no other subsidiaries (including Arc UK, Arc USA, Arc China and Arc Middle East ) will be impacted by Arc France being placed into administration.
“Arc France itself is also owned by Arc Holdings and it is specifically Arc France that has been placed into admin,” Adam confirmed.
“There is no impact on UK jobs or business and there is no impact for customers, it is business as usual for production. All of our NPD launches will still go ahead and we will still be at Ambiente,” he added.
The French arm of Arc employs 3,700 at its manufacturing facility. The restructuring has been designed to enable a significant restructure of the production facility to meet the needs of the market, thus ensuring long term financial stability of the French site. It is understood that an investment team, led by Timothee Durand has made an offer to refinance Arc France with significant capital injection.
