Le Coq Sportif Acquired Out of Bankruptcy
The 143-year-old French sportswear company was awarded to a consortium led by Franco-Swiss businessman Dan Mamane, which has committed to invest €70 million in Le Coq. The brand has been in bankruptcy proceedings since last Nov. Mamane’s group will immediately move to trim nearly a third of the company’s payroll, close Paris and Strasbourg offices, and some stores, but will keep its historic factory in Romilly-sur-Seine. ... Log in to view full article.
