FRANCE: Warnaco Group puts Lejaby up for sale
Warnaco Group-owned French lingerie business Lejaby has been put up for sale with Goldman Sachs appointed to find a buyer.
Last month, the US-based apparel maker and marketer said it was exploring strategic options for Lejaby as it shifted its focus to labels like Calvin Klein.
Lejaby staff representatives were told of the sale decision at a recent meeting of the company's works council. However, no information was given on the timetable of the sale or of potential buyers.
Warnaco had tried to sell the company in 2001 but could not obtain its asking price
France's second leading lingerie maker behind Chantelle, Lejaby employs around 600 staff and posted a 2006 turnover of EUR71m. It has four plants in France turning out mid to top of the range underwear and also has production centres abroad including Tunisia and south-east Asia.
After Dim-Playtex, Aubade et Barbara, Lejaby will be the fourth French company in the lingerie sector to change ownership in the last two years.
By Stuart Todd
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