FRANCE: LVMH supplier to acquire Lejaby plant
A Lejaby production plant, which was set to close under the terms of a takeover bid for the lingerie group accepted by a commercial court last month, has been acquired by Sofama, a company which supplies handbags to LVMH subsidiary Louis Vuitton.
All of the staff at the plant will keep their jobs and be re-trained in working with textile and leather materials.
Within the framework of its expansion in leather goods, LVMH will provide the plant with an order book stretching over several years, a statement read.
President Nicolas Sarkozy made the fate of Lejaby the focus of a pre-election drive to keep jobs in France and prevent them from being transferred abroad.
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