Bigben Interactive has announced that it has obtained the opening of a conciliation procedure from the President of the Lille Métropole Commercial Court.
On February 25, the company, whose stock had been suspended, indicated that it would file a request for the opening of an amicable conciliation procedure with the president of the court.
The court president has opened this procedure for the benefit of the company for a period of four months, which may be extended. This amicable procedure will allow, under the guidance of a conciliator, discussions to be initiated with its financial creditors (in particular bondholders and banking creditors) regarding the restructuring of its financial debt. This process will have no impact on the company's operations, employees, clients, or other business partners.
Bigben Interactive is one of the European leaders in the design and distribution of accessories for video game consoles. Net sales break down by activity as follows:
- design and distribution of accessories for video game consoles (56.4%): controllers, steering wheels, memory cards, pistols, etc. In addition, the group is developing a video game software publishing business;
- design and distribution of accessories for mobile phones (33%);
- development and sale of consumer electronic audio products (10.6%): Hi-Fi systems, MP3 readers, radios, etc.
Net sales are distributed geographically as follows: France (42.9%), Europe (27.9%), North America (24.5%), Asia (4.6%) and Africa (0.1%).
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