The shareholders of the Baccarat crystal factory placed in liquidation

A Baccarat crystal chandelier (illustration).

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The affair had caused a stir.

In June 2018, a Chinese fund bought the prestigious Baccarat crystal factory, in Meurthe-et-Moselle.

A little over two years later, these same shareholders, the Chu family, are in great difficulty.

Their company has been placed in compulsory liquidation, reveals L'Est Républicain.

“These shareholders accumulate a debt of nearly 390 million dollars.

In China, they are considered to be fraudulent entities ”, explained to the regional daily Eric Rogue, the secretary of the central works committee of the crystal factory.

The latter will therefore be managed by two court administrators who have just been appointed by the Nancy commercial court.

The Baccarat brand is doing rather well: it generated a turnover of 164 million euros last year, up 5%.

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• Judicial liquidation

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