French luxury hi-fi manufacturer Cabasse has been placed into receivership by the Montpellier Commercial Court, effective March 9, 2026. The proceedings follow the company's own filing on February 27, 2026, after it declared a cessation of payments.
As one of France's oldest and most respected audio brands, Cabasse has reportedly been struggling with falling revenues and mounting debts.
Trading of Cabasse shares on Euronext Growth Paris was suspended on February 27 and resumed on March 13, 2026.
The company was acquired by Canon Group of Japan in 2006. In 2014, French group AwoX acquired Cabasse from Canon for €4.5 million with a view to focusing on luxury wireless audio and returning high-end speaker production to France.
AwoX, which was renamed VEOM Group in 2020, has now also filed for judicial reorganisation. VEOM Group, which also owns the Chacon and DiO home automation brands, saw its own financial situation deteriorate, "exacerbated by the difficulties of its subsidiary Cabasse."
According to the company:
The proceedings aim to examine various solutions to ensure the sustainability of the business, the preservation of employment, and the settlement of liabilities.
The process also involves "launching a search for investors, either through a recovery plan via continuation or a divestment plan."
Cabasse's troubles come amid a difficult period for the specialist audio industry. The Cabasse announcement follows other brands that have experienced financial difficulties in recent years, including MBL, Krell, Auralic, and Cocktail Audio.
While many point to a shrinking market and a simultaneous generational shift in listening habits, there is also the difficulty of sustaining premium audio businesses in an era dominated by headphones and portable devices.
The court-appointed administrator will now examine options to ensure business continuity and preserve employment, which is estimated at around 30 people. A formal search for investors is underway, with two possible outcomes: a recovery plan that allows Cabasse to continue operations with new investment, or a sale of the business to a new owner.
The hope, obviously, is that a practical way forward can be found for this 75-year-old French brand.
For more information visit Cabasse
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