Lacoste sells its shares to Swiss group Maus
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The father of the president of the group Lacoste, Michel Lacoste, who preceded her at the head of the group, had yielded before her part of the shares. He announced at the end of October that he was selling 30.3% of the capital to other shareholders in Maus, a 35% shareholder. Father and daughter were in conflict, Michel Lacoste judged that Sophie Lacoste Dournel was insufficiently qualified for the job. Maus Frère will henceforth control 93.3% of the company's capital Lacoste. The transaction between Maus Frère and President Sophie LacosteDournel will be "in the same conditions" as for the transaction with the father.
The price of the transaction valued Lacoste between 1 billion and 1.25 billion euros. On this basis, Sophie's share Lacoste Dournel and its partners are worth between 280 and 350 million euros.
The president said on Wednesday: "It is with great sadness that we are considering giving up our stake in the company that my grandfather had created"; "However, we had an ambitious project and a firm desire to ensure the long-term future of the company. family control, "she adds.
"Our responsibility is to ensure the stability of the company and ensure a smooth and harmonious development" and "we believe that Maus Frères, our long-time partner, will achieve this," she continues.
In conclusion the crocodile Lacoste passes Lake Geneva and finally abandons the French territory, it is the end of the family reign on the mark Lacoste !
