Nacon Files for Insolvency, Plans to Explore Solutions to Protect Employees and Preserve Jobs Amidst Styx: Blades of Greed Challenges

Nacon Files for Insolvency, Plans to Explore Solutions to Protect Employees and Preserve Jobs Amidst Styx: Blades of Greed Challenges


### Nacon Files for Insolvency: A Major Turn in the Gaming Industry

Nacon, a well-known video game publisher responsible for titles such as [Styx: Blades of Greed](https://www.rockpapershotgun.com/games/styx-blades-of-greed), [RoboCop: Rogue City](https://www.rockpapershotgun.com/games/robocop-rogue-city), and the recently released Test Drive Unlimited Solar Crown, has announced that it has filed for insolvency. The French company made this announcement via a [press release](https://corporate.nacongaming.com/wp-content/uploads/2026/02/Nacon-CP-25.02.2026-English-Diffusion.pdf) on February 25, 2026, revealing the initiation of “judicial reorganisation proceedings.” This move aims to explore avenues for business continuity, employee protection, and job preservation while negotiating with creditors.

#### Background of the Filing

The insolvency filing comes in light of financial difficulties stemming from its majority shareholder, Bigben Interactive. Nacon highlighted that Bigben faced an unexpected refusal from its banking partners regarding a partial repayment of its bond loan, significantly impacting its operations. The company stated that swift financial restructuring is critical to maintaining viability and ensuring employee safety.

#### Objectives and Future Plans

Nacon expressed its commitment to exploring all possible solutions through the judicial reorganisation process. The company aims to continue operations while renegotiating debts in a structured environment, emphasizing the protection of employees and job preservation. Nacon characterized this legal procedure as essential for developing a “credible and effective continuation plan.”

Communication with employees’ organizations, including unions, has also been prioritized, ensuring they are informed about the developments. A court is expected to deliberate on Nacon’s request for judicial reorganisation proceedings in early March, during which the company’s share price will remain suspended.

#### Recent Developments and Industry Implications

In recent years, Nacon has been recognized for its diverse portfolio, including publishing titles like Styx and the critically viewed Test Drive Unlimited Solar Crown. Prior to its financial troubles, Nacon had a successful run with the WRC rally games, having secured the license to publish the series from 2027 onward after EA’s withdrawal from the rally genre.

Interestingly, despite these challenges, Nacon announced a showcase event scheduled for March 4, 2026, which is intended to promote updates on various ongoing projects like Cthulhu: The Cosmic Abyss and Endurance Motorsport Series. This showcase may also feature announcements of new games, suggesting that the company is still focused on its creative output amid financial upheaval.

#### Conclusion

The news of Nacon’s insolvency filing marks a significant moment in the gaming industry, especially considering its notable titles and contributions. The situation emphasizes the volatile nature of the gaming market and the financial challenges that can arise unexpectedly. Solidarity is extended to Nacon’s employees during these uncertain and challenging times as the company navigates its restructuring efforts to secure a stable future.