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 minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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