‘Morose’ environment hurts Le Coq Sportif
05/12/2013
Sales are expected to be in line with the first semester, and earnings negative, but the French group says growing apparel lines offer “comfort” for the brand’s future.
It also announced the sale of Boards & More for EUR 40 million to private equity firm Emeram Capital Partners. Since buying the loss-making company in 2005, Aersis restructured it to “concentrate on the brands with the highest potential” and its subsidiaries - North Kiteboarding, North Sails Windsurf, Fanatic and ION - more than doubled their revenues in 10 years.
In 2012,B&M generated revenues of EUR 45 million.
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