{"id":24767,"date":"2026-03-24T09:00:00","date_gmt":"2026-03-24T08:00:00","guid":{"rendered":"https:\/\/www.cvs-avocats.com\/?p=24767"},"modified":"2026-03-24T11:44:37","modified_gmt":"2026-03-24T10:44:37","slug":"cornet-vincent-segurel-and-linklaters-assist-timothee-durand-on-the-acquisition-of-arc","status":"publish","type":"post","link":"https:\/\/www.cvs-avocats.com\/en\/cornet-vincent-segurel-and-linklaters-assist-timothee-durand-on-the-acquisition-of-arc\/","title":{"rendered":"Cornet Vincent S\u00e9gurel and Linklaters assist Timoth\u00e9e Durand on the acquisition of Arc"},"content":{"rendered":"\n
\n

The historic French glass manufacturer had been placed in receivership on January 7, 2026. This takeover will preserve the group\u2019s French operations and safeguard more than 2,700 jobs in France.<\/p>\n\n\n\n

Founded in 1825, Arc is one of the last major French glass manufacturers and a leading international tableware manufacturer, with iconic brands such as Arcoroc, Luminarc, Cristal d\u2019Arques Paris, and Chef&Sommelier. The group, headquartered in Arques in the Pas-de-Calais region, employs nearly 5,700 people worldwide and produces 4 million items daily, generating revenue of \u20ac688 million in 2024.<\/p>\n\n\n\n

Faced with a severe and ongoing deterioration of its market environment\u2014a collapse in demand for tableware, rising production costs, and increased international competition\u2014the group filed for receivership with the Lille M\u00e9tropole Commercial Court on January 7, 2026, despite several refinancing plans and repeated support from the government.<\/p>\n\n\n\n

Timoth\u00e9e Durand, a member of the group\u2019s founding family and former executive at Arc, proposed a takeover plan targeting Arc Holding\u2014the holding company overseeing, in particular, the group\u2019s international industrial entities\u2014as well as all of Arc France\u2019s assets. The court\u2019s approval of this offer marks a decisive step for the long-term viability of this industrial flagship of northern France.<\/p>\n\n\n\n

A multidisciplinary team from Cornet Vincent S\u00e9gurel, led by Thomas Deschryver, partner, and St\u00e9phanie Forest, senior associate, advised Timoth\u00e9e Durand throughout this transaction, working closely with a team from Linklaters led by Fran\u00e7ois Kopf, partner, and In\u00e8s de Matharel, Counsel.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Stakeholders<\/h2>\n\n\n\n

Buyer: <\/strong>Timoth\u00e9e Durand<\/p>\n\n\n\n

Arc France: <\/strong>Nicholas Hodler (Chairman)<\/p>\n\n\n\n

<\/div>\n\n\n\n

Advisors
<\/span><\/strong><\/h4>\n\n\n\n

Timoth\u00e9e Durand\u2019s legal counsel:<\/strong><\/p>\n\n\n\n

Cornet Vincent S\u00e9gurel (co-counsel)<\/strong><\/p>\n\n\n\n

    \n
  • Restructuring: Thomas Deschryver, St\u00e9phanie Forest, Rapha\u00eblle de Metz, Sacha Monthuel<\/li>\n\n\n\n
  • Corporate M&A: Alexis Marchand, Philippe Guinot, Mathilde Laruelle<\/li>\n\n\n\n
  • Tax Law: Nicolas Palos, Anne-Claire Barrault, Bennert Alderlieste<\/li>\n\n\n\n
  • Public Law: Julien Fraccarollo, Marielle Angibaud<\/li>\n\n\n\n
  • Labor Law: Laurence Tardivel, R\u00e9gis Debroise<\/li>\n<\/ul>\n\n\n\n

    Linklaters (co-counsel): <\/strong>Fran\u00e7ois Kopf, In\u00e8s de Matharel<\/p>\n\n\n\n

    Arc France Attorneys: <\/strong>Gibson Dunn (Jean-Pierre Farges)<\/p>\n\n\n\n

    Insolvency Administrators:<\/strong><\/p>\n\n\n\n

    FHBX:<\/strong> H\u00e9l\u00e8ne Bourbouloux
    MBA: <\/strong>Laurent Miquel, Thomas Bonvin
    <\/p>\n\n\n\n

    Insolvency Trustees:<\/strong><\/p>\n\n\n\n

    MJS Partners:<\/strong> Nicolas Soinne, Fran\u00e7ois Riccobene
    BTSG: <\/strong>Antoine Barti<\/p>\n\n\n\n

    <\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

    On March 20, 2026, the Lille M\u00e9tropole Commercial Court approved the sale plan allowing Timoth\u00e9e Durand to acquire Arc Holding and the assets of Arc France, one of the world\u2019s leading glass manufacturers.<\/p>\n","protected":false},"author":7,"featured_media":24743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-24767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communique-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/24767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/comments?post=24767"}],"version-history":[{"count":0,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/24767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media\/24743"}],"wp:attachment":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media?parent=24767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/categories?post=24767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/tags?post=24767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}