Paris, 15 April 2026 – Racine is advisingthe MPO Group during a critical phase of its restructuring, supporting the approval of recovery plans and the establishment of classes of affected parties for MPO International and MPO France.

On 1 April 2026, the Specialised Commercial Court of Nantes approved the recovery plans for MPO INTERNATIONAL (the parent company of the MPO Group) and MPO FRANCE (the Group’s French subsidiary), including the establishment of classes of affected parties.

Founded in 1957, this French industrial group with an international presence specialises in the manufacturing of media formats such as vinyl, CDs, DVDs and Blu-ray discs, as well as packaging and data storage solutions. It is now one of Europe’s leading independent disc manufacturers.

The MPO Group experienced a sharp slowdown in business during the summer of 2024, primarily due to a significant decline in its vinyl operations. This downturn led to a substantial decrease in turnover and gross margin.

As a result of this unexpected economic disruption, the companies filed for insolvency proceedings.
On 19 December 2024, the Specialised Commercial Court of Nantes opened insolvency proceedings in respect of the two MPO Group companies.

From the outset of the proceedings, the companies implemented trategic and operational measures, including social measures, enabling them to stabilise their business and achieve a genuine operational and financial turnaround.

Against this backdrop, the companies with consolidated turnover of€44 million for the 2025 financial year — prepared recovery plans involving the establishment of classes of affected parties, with the aim of safeguarding their operations and preserving around 300 jobs.

These plans were approved by the Specialised Commercial Court of Nantes in judgments dated 1 April 2026. Supported by a large majority of creditors voting within the relevant classes, the plans enabled the restructuring of liabilities amounting €19.3 million andmarked a decisive step for both the parent company and its French subsidiary.

AJIRE (Erwan Merly, partner, and Benjamin Varin, project manager) and AJ UP (Christophe Dolley, partner, and Samuel Faure, associate) acted as joint insolvency practitioners for the companies.

PHILIPPE DELAERE (Philippe Delaere) and SLEMJ & ASSOCIES (Guillaume Lemercier) acted as joint liquidators for the companies.
Eight Advisory (Bertrand Perrette, partner, and Florian Priou, associate) acted as financial adviser to the companies.

Racine (Laurent Jourdan, partner, and Edern Lagadec and Elise Hauducoeur, associates) acted as legal counsel to the companies.