Umbro owner in joint bid for Le Coq Sportif

The company Le Coq Sportif has been in court for six months. Two competitors are competing to take it over, including a consortium of several investors in its Xavier Niel ranks. Opposite, the Franco-Swiss entrepreneur Dan Mamere would also have positioned himself.

Umbro Bid To Acquire Struggling Le Coq Sportif

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 American owner of the sportswear brand Umbro and the French billionaire of telecommunications Xavier Niel revealed on Wednesday an offer to acquire the French brand of sportswear Le Coq Sportif, in difficulty, for 60 million euros (US$ 68 million). Le Coq Sportif, known for its iconic Gallo logo, designed suits for French athletes at the Paris Olympics last year, but the company has been under judicial administrati…

Umbro owner in joint bid for Le Coq Sportif

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).

Twelve takeover bids were submitted for the brand Jennyfer, placed in liquidation at the end of April. Also in difficulty, the brand Coq Sportif saw two candidates position for its takeover.

Among the offers of "twelve potential buyers", only two are described as "serious, complete and documented" by the counsel for staff representatives.