Home / Knowledge / News / Apparel/Garments / French lingerie maker Lejaby gets second takeover bid
French lingerie maker Lejaby gets second takeover bid
13
Dec '11
French lingerie maker Lejaby, which was put into administration in October this year, has got a second takeover bid. The bid has been placed by a UK-registered company, Pacific Junction Corporation, on behalf of an unidentified French firm that is currently being established.

Under the bid, the French company proposes to retain 220 of Lejaby's 450 employees. Since the bid has been submitted after the November 30 deadline, a bankruptcy judge will decide on whether to receive the new offer.

The first bid was from Abcia, a France-based pension fund, which promised a restructuring plan to save 135 of the 450 staff employed by the lingerie house.

The bids are scheduled to be examined by the commercial court of Lyon on December 22 this year.

Lejaby shut three of its four French manufacturing units at the end of 2010. It registered a loss of euro 2.7 million (US$ 3.6 million) during financial year 2010-11. The company also cut nearly 200 jobs due to restructuring and shifting of production to North Africa.

Although the company is looking for a buyer and working on restructuring plans, it is continuing to trade normally at present.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X