×
184
Fashion Jobs
ACTIVEWEAR & TECHNICAL TEXTILE DIVISION
Production Manager (Apparels/Garment)
Permanent · Ludhiana
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Jaipur
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
VISAGE BEAUTY AND HEALTH CARE
Area Sales Manager (Cosmetics/Skin Care Retail General Trade)
Permanent · Chennai
FORTUNE HR SOLUTIONS
General Manager - ie
Permanent · Tiruppur
ALUDECOR LAMINATION PVT LTD
Area Sales Manager - Patna
Permanent · Patna
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
RAKSHA PIPES PVT. LTD
Area Sales Manager
Permanent · Chennai
RENEWBUY
Area Sales Manager - Kolkata/Ranchi/Bhubaneswar
Permanent · Bhubaneswar
TRIDHAATU REALTY AND INFRA
Sales Manager - Real Estate (Closing)
Permanent · Mumbai
INFOGAIN
Production Support Manager- Opening
Permanent · Pune
ADD UR CO LLP
Production Manager
Permanent · Chennai
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
Translated by
Nicola Mira
Published
Mar 7, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Le Coq Sportif sales up 7% in 2016, losses down

Translated by
Nicola Mira
Published
Mar 7, 2017

Le Coq Sportif still recorded losses in 2016, but they were less than the previous year. The French sport brand, in which Swiss holding company Airesis holds a 79% stake, posted a €6 million loss in operating income, which was however €7.4 million in the red in 2015.


Le Coq Sportif capitalises on its French roots in its collections - Le Coq Sportif


Le Coq Sportif's revenue grew instead by 7% compared to the previous year, reaching €108 million, though still falling a touch short of its holding company's expectations. Airesis had in fact forecast a revenue of €111 million. For the brand, 2016 was a transition year, during which it set up an apparel development centre at its headquarters in Romilly-sur-Seine, France, and boosted its distribution via a series of retail corners.

Marc-Henri Beausire, CEO of Le Coq Sportif and Airesis, said however he was "satisfied with what was achieved in 2016. I think we bolstered Le Coq Sportif's foundations and we now believe in profitable growth in the future. Our retail corner strategy is especially promising, not just on our domestic market, France, but also in Spain and Italy."

Le Coq Sportif was created in 1882 by Émile Camuset. In 2012 it renewed its partnership with the Tour de France, and in 2015 it invested in football, becoming the official kit supplier to top-flight teams in France (Saint-Étienne) and Italy (Fiorentina), two deals allowing the brand to boost its visibility and reputation on the sport market.

Airesis, also the owner of the Movement group, expects Le Coq Sportif's results to keep on improving in 2017, "thanks to a significant increase in apparel sales and a substantial rise in margins." Airesis is confident that the profitability target that was set, which was not disclosed, is within reach.

The Swiss company also stated that bank loans have been secured in order to promote growth. "A series of mandatory convertible bonds, worth €10 million in total, will provide the backbone for future growth," said Airesis in a press release. 

Copyright © 2022 FashionNetwork.com All rights reserved.