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Lacoste Heirs Buy Stake in Skiwear Brand Fusalp

Sophie and Philippe Lacoste purchased 77.6 percent of the capital from Joël Gleyze.

PARIS — Sophie and Philippe Lacoste are trading tennis courts for ski slopes. The heirs to French tennis legend René Lacoste have bought a majority stake in skiwear brand Fusalp for an undisclosed sum, the company announced on Wednesday.
 
The siblings purchased 77.6 percent of the capital from Joël Gleyze, who has run Fusalp since 1984 and bought the company in 2006. Alexandre Fauvet, a former executive vice president at Lacoste, holds 8 percent of shares and the remaining 12.4 percent are in the hands of an investment fund run by Midi Capital.
 
Philippe Lacoste has been named chairman of the board, Sophie Lacoste has been appointed administrator and Fauvet becomes administrator and managing director of Fusalp. Gleyze will stay on as deputy managing director to oversee the transition.
 
Sophie Lacoste briefly served as president of Lacoste’s non-executive board in 2012, before a bitter feud prompted warring members of the family to sell their shares to Swiss retail group Maus Frères SA.
 
Founded in 1952, Annecy-based Fusalp helped popularize stirrup pants and was the official outfitter of France’s Olympic skiing teams in the Sixties and Seventies, kitting out champions like Marielle Goitschel and Jean-Claude Killy.
 
Last fall, Fusalp collaborated with contemporary brand Sandro on a capsule collection of ski wear inspired by biker gear.

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