Nacon, a major French publisher and holdings company, has this morning revealed a dire situation. In a new press release, the company has revealed it has filed for insolvency after its parent company, Bigben, entered a period of financial difficulty.
In the release, it was stressed that Nacon will need to undergo a ‘rapid implementation of a financial restructuring’ to survive and has requested a judicial reorganisation review to facilitate this. Nacon’s ‘available assets’ are now substantial enough to meet its due liabilities, and it will now assess critical pathways out of this situation.
Nacon Could Shut Down If The Worst Happens
In the new press release, published this morning at 8 AM CET, Nacon’s…