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TEASER CRISTALLERIE ROYALE DE CHAMPAGNE

Fast Direct Link S.r.l.

Strada del Campagnino, 5 - 10133 Torino (TO) Italy phone: +39 335 8291680 - [email protected] www.fastdirectlink.com - p.IVA: 10741210016 CRISTALLERIE ROYALE DE CHAMPAGNE

This document is confidential and cannot have any contractual value AN HISTORICAL MANUFACTURE

Situated in a loop in the , the commune of Bayel enthusiastically perpetuates its master glass making tradition. At the crystal factory, the flame is passed on from generation to generation to produce the clearest and most finely worked crystal. If the work of glass making goes back to about 1300, it all really started in 1666 when Jean-Baptiste Mazzolay arrived. This Venetian brought the secret of the Masters of Murano with him. Louis XIV, taken by the brightness of the glass, gave him permission to start a Royal factory in Bayel to supply Versailles with crystal... The Manufacture became the official supplier of the French Court till 1728. In the 20th century, Cristallerie Royale de Champagne has counted Général de Gaulle, President John Fitzgerald Kennedy, Marocco King and Arabian King in its faithful clients. Today “Cristalleries Royales de Champagne” have kept this prestigious name, synonymous with great know-how. A visit that will take your breath away Visiting a crystal factory is a fascinating and captivating spectacle: before your very eyes, the glass blowers draw the molten crystal in order to work it. The moulded or blown crystal takes on its shape via precise gestures, inherited from ancestral know-how. With disconcerting speed, the master glassmakers create very high quality works of art while you watch. From 2006, Cristallerie Royale de Champagne is part of DAUM group (165 people). DAUM is a manufacture of objects of art and decoration.

Take a look at the unique know-how of the Cristallerie Royale de Champagne http://www.aube-champagne.com/en/poi/cristallerie-royale-de-champagne/ 2 CURRENT SITUATION

. Within the scope of the plans to reorganise its activities, the DAUM group decided to withdraw from the Cristallerie Royale de Champagne site (Bayel, near and Chaumont) and gather its activities in the two others manufactures in the East of .

. In 31st March, decision has been taken to close the site and the employees will get laid off. The furnace will be stopped in may 2016.

. La Cristallerie Royale de Champagne specialises in the traditional production of crystal glasses, crystal vases and other crystal decoration objects. It employs 30 people on a site of around 9,000 m².

. Our local public network has been commissioned by the company in order to: . analyse the characteristics and potentials of the site . identify the knowledge, expertise and skills of the employees . present all of these elements to potential investors

3 A TRADITIONAL AND PRESTIGIOUS PRODUCTION

Since Cristallerie Royale de Champagne has been created, the Manufacture has produced thousands of different pieces and has created glass moulds, vases and other objects by investing millions of euros for the production. Thousands of moulds are still in CRC.

But during last years the market has evolved and the crystal selling has decreased a lot.

In this moment, the sellings are oriented towards special orders which requires complicated specifications.

CRC has a catalog with hundreds of glass models and vases models of which the production can be revived.

4 AN EXCEPTIONAL OPPORTUNITY

 Unique know-how in crystal glasses with a total personnalization of pieces: presence of gatherers, glass blowers, polishers, …. in Cristallerie Royale de Champagne

 The prestigious brand Cristallerie de Champagne which can be sold to the buyer

 4 buildings: 1 composition building, 1 hall for hot glass, 1 hall for cold glass and 1 maintenance building

 + 1 show-room Availability of  1 Furnace 6 jars for the fusion. Thousands of moulds are available with various the detailed forms of glasses, vases, and other decoration objects list of equipment

 30 experienced people

 Every year 6,000 people visit the Manufacture and the Eco-Musée of Bayel

5

OVERVIEW OF THE MANUFACTURE

Hall for cold glass Hall for hot glass

Show-room

6 CURRENT FINANCIAL SITUATION

Cristallerie Royale de Champagne merged into DAUM group in 2011 and doesn’t have independent corporate financial statements.

Turnover 2012-2014: around 1,500k€ but in 2015 the turnover may decrease by 15-20% 80% of turnover in exports and 15-20% is dedicated to the DAUM production: it may be subcontracted to the buyer in the short-term

The site has been in deficit since several years (700 000/ 1 million €) .

In the 60s the CRC site has been reorganized for 800 people, production capacity is theoretically very important (several hundred of thousands per year). But with ageing equipment and 30 people the current production is dozens of thousands glasses per year.

The Communauté de Communes is proprietary of the ground and CRC is the tenant.

For the potential buyer, two possibilities:

- Site reduction and production decrease by investing in a smaller furnace which will generate less energy expenditures and which will be more flexible to the demand

- Restoration of the current furnace and the equipment to continue in a growing production vision

In any case, an investment at least 1 million euro is necessary to restore the site.

7 A PRESTIGIOUS AND STRATEGICAL LOCATION: CHAMPAGNE AREA

Immediate proximity to Paris At the heart of Northern Europe and international airports and crossroads of major European consumption zones with a high BAYEL Only 30 min. from Roissy by high-speed purchasing power train

The famous and « luxury » region: Champagne 8 ●Your contact in Champagne Ardenne region