Lacoste Fetches $1.3B In Deal With Swiss Holding Co.

Law360, New York (November 15, 2012, 3:53 PM EST) -- Venerable French fashion company Lacoste SA has been acquired by Swiss family-owned holding company Maus Freres SA in a deal that valued the iconic fashion company at €1 billion ($1.28 billion), Maus Freres said in statement Thursday.

Maus Freres already had owned 35 percent of Lacoste and controlled 90 percent of the clothier's licensing business, Devanlay SA. In a statement from its Geneva headquarters, Maus Freres said Thursday it had acquired the remaining stake in the French sportswear maker from a group of Lacoste shareholders and...
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