Home / Knowledge / News / Apparel/Garments / Alain Prost led consortium to takeover Lejaby
Alain Prost led consortium to takeover Lejaby
Jan '12
Tribunal de Commerce de Lyon, the commercial court of the east-central French city of Lyon, has chosen a consortium led by Alain Prost to takeover the bankrupt French lingerie maker Lejaby.

Alain Prost was earlier Managing Director at French lingerie label Chantelle and had also served as CEO of Italian luxury and fashion lingerie maker La Perla.

Post decision of the court, Alain Prost announced the closure of Lejaby's last plant in Hexagon which employed 93 people. He also announced introducing a new “very high range” line, which would be a 100 percent Made-in-France product.

Nearly 83 percent of Lejaby items were produced in Tunisia and about 10 percent were manufactured in China, before the firm became insolvent, the former CEO of La Perla said.

The consortium led by Mr. Prost was chosen by the Lyon Tribunal as it promised to retain 195 of the 450 Lejaby employees in France.

Mr. Prost said he had made about one million euros available to the liquidator for overseeing the welfare of the employees who lost their job. The amount includes 500,000 euros in social support.

He informed that he would invest 7 million euros this month to create a new business that will have financial viability and would also give hope to employees.

He plans to assign the job of launching the new project of luxury lingerie 'Lejaby couture' to Lejaby's existing team of 80 designers and textile engineers.

The new label would be targeted at international markets and it would take about three to four years time to penetrate in overseas markets, he said, and forecasted that Lejaby would gross revenues of 20-22 million euros next year from its sales in Europe, Russia and the French markets.

Fibre2fashion News Desk - India

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Robert Brunner

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search