By  on March 18, 2014

PARIS — French lingerie brand Monette, created with ex-Lejaby lingerie workers, is to be acquired by a Luxemburg-based manufacturer Seven Fashion, according to the label’s founder Assya Hiridjee, a former designer for intimates firm Princesse Tam Tam.

The company was recently forced into bankruptcy and the Paris commercial court gave its approval to the acquisition on Monday by Seven Fashion president Adrian Diaconu for 120,000 euros or $166,912 at current exchange rates, which includes all assets and 42 employees, Hiridjee told WWD.

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