PARIS — Marking a new stage of expansion, Fusalp, the French skiwear brand revived by heirs of René Lacoste, is bringing in a cluster of new, high-profile French shareholders.
“We decided to welcome new shareholders for the long-term development of Fusalp,” said Philippe Lacoste, president of the board, citing new investors Frédéric Biousse, Nicolas Houzé, Elie Kouby, Leopold Meyer, Nathalie Sayer and Patrick Sayer.
Bought by Sophie Lacoste, Philippe Lacoste and Alexandre Fauvet in 2013, the brand has been growing quickly, setting up 22 new stores in France and Switzerland in less than three years. Sales for the year ending in May were 16.4 million euros; in 2014 the company generated 40 million euros in sales.
Fusalp has stores in 20 countries and is seeking to accelerate development outside of France, notably in Asia and North America.
Biousse and Kouby are known for steering the rapid growth of contemporary French fashion brands Maje, Claudie Pierlot and Sandro, which grew from 7 million euros in annual sales to turnover of 700 million euros in the span of eight years.