José Luis Duran has been named as CEO of Lacoste SA. This comes after Swiss retail group Maus Frères SA took over the company in a deal that resulted in a $1.3 billion profit for Lacoste.
A new board of directors, led by Didier Maus, made the decision in late December. The board consists of Didier Maus; Pierre-André Maus; Thierry Halff; Jean-Bernard Rondeau and Duran, in addition to Sophie Lacoste Dournel and Béryl Lacoste Hamilton, both granddaughters of founder René Lacoste.
Maus Frères, controlled by the Maus and Nordmann families, has been in business since 1902 and controls the Gant, Aigle and Parashop brands. Its retail banners include Manor department stores, hardware and DIY chain Jumbo and sports retailer Athleticum.