FRANCE: More takeover bids for lingerie maker Lejaby
A further two takeover bids are reported to have been submitted for insolvent French lingerie maker Lejaby.
One comes from Italy's La Perla, in association with Lejaby's Tunisian sub-contractor Isalys, and the other from French nightwear specialist Canat.
In view of the new offers for Lejaby, firm details of which have yet to emerge, the commercial court in Lyon could postpone the hearing for the examination of bids, which is currently set for 22 December.
Two other bids have already been received for Lejaby - one from Grenoble-based investment fund Abcia which makes provision to retain 135 staff out of Lejaby's total French workforce of 450 staff. The second is from a UK-registered company, Pacific Junction Corporation, acting on behalf of an unidentified French firm currently being set up, which is said to propose keeping on 220 workers.
Lejaby went into administration at the end of October, putting its difficulties down to a significant shrinking in the multi-brand retailer channel, the main outlet for its products.
- DENIM DAYS: Jeans innovation bursting at the seams
- Adidas pushing self-governance for suppliers
- How will TPP emerge from fast-track trade bill?
- Rana Plaza two years on: Challenges and concerns
- US fashion industry applauds trade bills package
- Myanmar garment workers strike deal
- Under Armour hailed "next global athletic company"
- Gap’s woes “not so easy to fix”
- Authentic Brands acquires Jones New York
- Orta and Garmon launch denim chemical screening