Home / Knowledge / News / Apparel/Garments / Alain Prost led consortium to takeover Lejaby
Alain Prost led consortium to takeover Lejaby
23
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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search