HomeEconomy“Major tensions”: in difficulties, Le Coq Sportif announces that it is looking...

“Major tensions”: in difficulties, Le Coq Sportif announces that it is looking for “financing solutions”

The equipment maker says it faces “significant financial stress, especially in terms of cash flow.” A merchant bank was commissioned.

The sports equipment manufacturer Coq Sportif announced this Wednesday that it was “looking for financing solutions”, due to “significant financial tensions”, a few months after obtaining a loan from the State.

“Le Coq Sportif is currently facing significant financial stress, especially in terms of cash flow, with the months of October and November being especially exposed, as every year, to seasonal changes in products” and “the company has commissioned a bank that will help you find suitable financing solutions,” Airesis, its parent company, wrote in a press release.

>> More information coming soon to BFM Business in a few moments. Also watch live from BFM Business on video and Follow us on Twitter.

Author: PL with AFP
Source: BFM TV

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