Latest news with #LeCoqSportif
The Star
31-05-2025
- Entertainment
- The Star
New spring-summer apparel collection for on and off the course
CELEBRATE a life enriched with joy – at work, in sport and every moment – with the new Le Coq Sportif Golf Spring/Summer 2025 Collection. This season, the renowned French sporting brand continues its legacy of blending performance and style.
Fashion Network
14-05-2025
- Business
- Fashion Network
Iconix and Xavier Niel submit €60 million bid for the French brand Le Coq Sportif
A consortium of investors, including French telecom magnate Xavier Niel and U.S.-based group Iconix—owner of Lee Cooper and Umbro—has submitted a €60 million bid to acquire Le Coq Sportif, the historic French sportswear brand currently in receivership. The group confirmed the submission in a press release issued Wednesday. Le Coq Sportif, the official outfitter for the French delegation at the upcoming Paris 2024 Olympic Games, has been under court-ordered restructuring since November 2023. Founded in Romilly-sur-Seine in the Aube region, the company employs around 300 people in France. In a statement released one day after the deadline for takeover bids, the consortium announced its proposal aims to "refocus Le Coq Sportif on its core identity as an accessible and popular brand, while expanding its global reach with significant financial backing to revive this iconic French label." The proposed bid structure includes 51% backing from Neopar, a French investment firm owned by the Poitrinal family and known for its corporate turnaround strategies. Another 26.5% would come from a group of investors that includes Xavier Niel, several athletes, and former Le Coq Sportif executives. Iconix would contribute the remaining 22.5%. According to comments shared with AFP, the group confirmed that the €60 million would be "injected immediately. " The proposal also claims support from Intersport and several multibrand retail chains. In March, the Grand Est regional authority revealed that two groups were in discussions to acquire Le Coq Sportif, one of which had the support of the French government. To facilitate the deal, the region agreed to cancel 50% of its claims against the company. Le Coq Sportif reportedly owes between €60 million and €70 million to public entities. The Grand Est region also stated that the company previously received €42 million in loans from the French government.
Fashion Network
14-05-2025
- Business
- Fashion Network
Iconix and Xavier Niel submit €60 million bid for the French brand Le Coq Sportif
A consortium of investors, including French telecom magnate Xavier Niel and U.S.-based group Iconix—owner of Lee Cooper and Umbro—has submitted a €60 million bid to acquire Le Coq Sportif, the historic French sportswear brand currently in receivership. The group confirmed the submission in a press release issued Wednesday. Le Coq Sportif, the official outfitter for the French delegation at the upcoming Paris 2024 Olympic Games, has been under court-ordered restructuring since November 2023. Founded in Romilly-sur-Seine in the Aube region, the company employs around 300 people in France. In a statement released one day after the deadline for takeover bids, the consortium announced its proposal aims to "refocus Le Coq Sportif on its core identity as an accessible and popular brand, while expanding its global reach with significant financial backing to revive this iconic French label." The proposed bid structure includes 51% backing from Neopar, a French investment firm owned by the Poitrinal family and known for its corporate turnaround strategies. Another 26.5% would come from a group of investors that includes Xavier Niel, several athletes, and former Le Coq Sportif executives. Iconix would contribute the remaining 22.5%. According to comments shared with AFP, the group confirmed that the €60 million would be "injected immediately. " The proposal also claims support from Intersport and several multibrand retail chains. In March, the Grand Est regional authority revealed that two groups were in discussions to acquire Le Coq Sportif, one of which had the support of the French government. To facilitate the deal, the region agreed to cancel 50% of its claims against the company. Le Coq Sportif reportedly owes between €60 million and €70 million to public entities. The Grand Est region also stated that the company previously received €42 million in loans from the French government.
News18
14-05-2025
- Business
- News18
Umbro Bid To Acquire Struggling Le Coq Sportif
Published By : AFP Last Updated: The American sportswear brand, Umbro, led the consortium which put up an offer for 60 million euros for the takeover of the French label. A consortium that includes the US owner of sportswear brand Umbro and French telecom billionaire Xavier Niel unveiled Wednesday an offer to acquire France's struggling sportswear label Le Coq Sportif for 60 million euros ($68 million). Know for its iconic Gallic rooster logo, Le Coq Sportif designed outfits for French athletes at the Paris Olympics last year, but the company has been under court-ordered administration since November. Founded in 1882, Le Coq Sportif employs 300 people in France and makes jerseys for Argentina's rugby union team and French football club Nice. In a statement published the day after the deadline for takeover bids, the consortium said its goal was to 'refocus Le Coq Sportif on its core identity as an accessible and popular brand, and expand it globally with major financial support to revive this iconic French label". The bid is led by Neopar, a French investment firm specialising in business turnarounds, which has a 51 percent stake in the project. Another 26.5 percent is held by a group of investors including Niel, members of Le Coq Sportif's founding family and Marc-Henri Beausire, chief executive of the brand's parent company, Airesis. Inconix, the US company that owns sportswear firms Umbro and Starter and denim brand Lee Cooper, has a 22.5-percent stake in the bid. The consortium would immediately inject 60 million euros into Le Coq Sportif and save its historic site at Romilly-sur-Seine in northeastern France. A decision on the company's takeover will be decided by the Paris commercial court later in May or early June, according to a source close to the matter. Le Coq Sportif owes between 60 million and 70 million euros to public creditor. First Published: May 14, 2025, 19:30 IST
IOL News
14-05-2025
- Business
- IOL News
Umbro owner in joint bid for Le Coq Sportif
A picture taken on June 21, 2017 shows the logo of the French sport clothing and equipment brand Le Coq Sportif, at the entrance of the production plant, in Romilly-sur-Seine. A consortium of investors including Xavier Niel and the American group Iconix (Lee Cooper, Umbro) have submitted a €60 million bid to take over equipment manufacturer Coq Sportif, which was placed in receivership at the end of November, according to a press release on May 14, 2025. Image: FRANCOIS NASCIMBENI / AFP A consortium that includes the US owner of sportswear brand Umbro and French telecom billionaire Xavier Niel unveiled Wednesday an offer to acquire France's struggling sportswear label Le Coq Sportif for 60 million euros ($68 million). Know for its iconic Gallic rooster logo, Le Coq Sportif designed outfits for French athletes at the Paris Olympics last year, but the company has been under court-ordered administration since November. Founded in 1882, Le Coq Sportif employs 300 people in France and makes jerseys for Argentina's rugby union team and French football club Nice. In a statement published the day after the deadline for takeover bids, the consortium said its goal was to "refocus Le Coq Sportif on its core identity as an accessible and popular brand, and expand it globally with major financial support to revive this iconic French label". The bid is led by Neopar, a French investment firm specialising in business turnarounds, which has a 51 percent stake in the project. Another 26.5 percent is held by a group of investors including Niel, members of Le Coq Sportif's founding family and Marc-Henri Beausire, chief executive of the brand's parent company, Airesis. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Inconix, the US company that owns sportswear firms Umbro and Starter and denim brand Lee Cooper, has a 22.5-percent stake in the bid. The consortium would immediately inject 60 million euros into Le Coq Sportif and save its historic site at Romilly-sur-Seine in northeastern France. A decision on the company's takeover will be decided by the Paris commercial court later in May or early June, according to a source close to the matter. Le Coq Sportif owes between 60 million and 70 million euros to public creditor. AFP Visit:
