Le Coq Sportif: investment bank appointed to deal with "financial pressures"

"Le Coq Sportif is currently facing significant financial pressures, particularly in terms of cash flow, with the months of October and November being particularly exposed, as they are every year when product seasons change. To secure the necessary funding for ongoing operations, the company has mandated an investment bank to assist it in finding suitable financing solutions," announced Airesis, parent company of the French equipment manufacturer on 30/10/2024.

This announcement confirms the financial difficulties of the brand based in Romilly-sur-Seine (Aube, FRA) already highlighted by Airesis when it published its 2023 annual report on 28/06/2024 (€28.24m net losses) and then its results for the first half of 2024 on 30/09/2024 (€18.2m net losses). "The fiscal year 2023 was disappointing and the results of the holdings did not meet the targets set," stated the Swiss group, owner of the brand that was an official partner of the COJOP Paris 2024 and supplier of the performance and representative outfits for the French delegation and the organising committee.

"Despite current cash…