A French cooperative set up by former Lejaby workers is set to close after failing to gain funding from banks.
Muriel Pernin founded Les Atelières lingerie plant in Lyon a little over a year ago, after more than half the employees of Lejaby lingerie – now rebranded as Maison Lejaby – were made redundant.
But the workshop failed to get off the ground after banks refused to provide revitalisation funds twice – once in December, and again this week.
This Friday, Les Atelières’ Cooperative Society of Collective Interest will file for bankruptcy at the Commercial Court of Lyon.
Pernin said the situation is “heart wrenching” for those who have been hoping to “revive a high-end corsetry workshop”.
She added in a statement: "To survive in this model and pursue our development, we needed that banks argue 585,000 euros as part of a revitalization Fund, but two are opposed. It calls into question the whole of the financial package.”