April 18, 2014 7:38 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Lacoste S.A.

Company Overview

Lacoste S.A. provides club and sports clothing, shoes, perfumes, leather goods, eyewear, watches, and belts for women, men, and children. The company offers its products through its stores. Lacoste S.A. was formerly known as La Societe Chemise Lacoste. The company was founded in 1933 and is based in Paris, France. As of November 15, 2012, Lacoste S.A. operates as a subsidiary of Maus Freres SA.

8, rue de Castiglione

Paris,  75001

France

Founded in 1933

Phone:

33 1 44 58 12 12

Fax:

33 1 44 58 12 19

Key Executives for Lacoste S.A.

Chief Executive Officer and Director
Age: 49
Founder
Senior Executive Vice President
Senior Executive Vice President
Artistic Director
Age: 38
Compensation as of Fiscal Year 2013.

Lacoste S.A. Key Developments

Lacoste SA Announces Management Appointments

Jos Luis Duran has been named chief executive officer of Lacoste SA, following its takeover last November by Swiss retail group Maus Frres SA in a deal valuing the maker of crocodile-logo polo shirts at EUR 1 billion, or $1.3 billion. Duran succeeds Christophe Chenut, who is leaving the company. Chenut remains ceo of Devanlay SA, Lacoste's global apparel licensee. The meeting designated a new board, consisting of Didier Maus, Pierre-Andr Maus, Thierry Halff, Jean-Bernard Rondeau and Duran, in addition to Sophie Lacoste Dournel and B ryl Lacoste Hamilton, both granddaughters of founder Ren Lacoste, who last year squared off in a bitter family feud for control of the firm. In addition to appointing Duran, the directors elected Didier Maus president of the board.

Maus Freres To Acquire Additional Stake In Lacoste

A group of Lacoste S.A.'s shareholders are seeking to sell their combined 28% stake to Maus Freres SA.

Michel Lacoste Reportedly To Sell 30% Stake In Lacoste

Michel Lacoste, a member of the Lacoste family is planning to sell 30% stake in Lacoste S.A. to Devanlay S.A. Devanlay already holds a 35% stake in Lacoste. Although under a preemption right, Michel Lacoste should first offer his stake to other family members. The members have one month to respond to an offering. If they fail to respond or find the price too high, the seller could turn to a commercial court which will then appoint an expert to determine the selling price.

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