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Maison Lejaby in Receivership

by Underlines

French lingerie designer brand, Maison Lejaby, was placed in receivership on Tuesday 2nd January by the Lyon commercial court. Maison Lejaby, whose headquarters are in Rillieux-la-Pape (Rhône), currently has 55 employees including 30 people responsible for sales and two stores in Paris and Lyon. The brand also has ‘corners’ at Galeries Lafayette and Bon Marché.

In order to preserve its future activity, faced with an operating debt mainly generated during the Covid period, Maison Lejaby requested the commercial court to go into receivership.” 

Thierry Le Guénic, head of Maison Lejaby

For the coming months “and in normal activity”, the majority shareholder “is committed to providing financial support”, it is specified in the same statement.

This period “gives the opportunity to Maison Lejaby, and its employees, to accelerate the transformations undertaken towards a move upmarket, a greater international presence, and on digital.”

The Lyon Commercial Court confirmed that a judicial recovery procedure had been opened with an observation period of six months.

Olivier David, secretary of the CSE (social and economic committee) and CFDT representative of Maison Lejaby, “at present, there are no job cuts announced. However, we remain vigilant on the issue of jobs and salaries,” he added.

Owner and Entrepreneur-investor, Thierry Le Guénic also acquired the Habitat brand in 2020, placed into compulsory liqudation at the end of last month as well as well as clothing brand Burton of LOndon in receivership (which has not found a buyer).

The Maison Lejaby company, a pioneer in France in the use of new materials in France such as Lycra or nylon, is in financial difficulty after successive takeovers in the 2000s. After the announcement of a redundancy plan in March 2010, followed by the occupation of premises and a strike, Lejaby had already been placed in receivership in 2012.  The company since then drastically reduced its workforce from more than a thousand employees in the early 2000s to the 55 employees today.

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