Just one offer had been received for French lingerie maker Lejaby when the deadline for bids expired last Wednesday (30 November).

Lejaby was placed under judicial administration by a commercial court in Lyon for a period of six months at the end of October, but was subsequently made the subject of a sale order.

The bid has come from Grenoble-based investment fund Abcia and makes provision to retain 135 staff out of Lejaby's 450-strong workforce in France. The commercial court of Lyon is scheduled to render its judgement on the bid on 22 December.

Apart from the number of staff it plans to retain, little information has been released on Abcia's bid, prompting Lejaby's staff unions to call for an urgent meeting with the fund.

Lejaby puts its difficulties down to a significant shrinking in the multi-brand retailer channel, the main outlet for its products.

The lingerie firm, which closed three of its four French production sites at the end of last year, posted a loss of EUR2.7m (US$3.6m) for the 2010/2011 financial year. Restructuring at the company, which employs close to 450 staff in France, has also entailed almost 200 jobs cuts and the transfer of production to North Africa.