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2w ago

Paris Court Approves Dan Mamane’s €70 Million Rescue Plan for Le Coq Sportif

The scheme secures €70 million in fresh funding to save 201 roles under judicial supervision, with the rival consortium contesting the process’s fairness.

Tedy River, onze fois champion du monde de judo, à l'Elysée le 5 juin 2025.
La manufacture de Romily-sur-Seine (Aube), dont 150 emplois sont menacés, fabriquait le maillot de l'équipe de France pour la Coupe du monde de rugby 2023.
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Overview

  • A Paris Economic Court ruled in favor of Dan Mamane’s takeover offer for Le Coq Sportif over a consortium backed by Xavier Niel and Teddy Riner.
  • The approved rescue plan commits €70 million in new capital and implements a social restructuring that retains 201 positions while cutting about 89 to 94 jobs.
  • Lawyers for the losing consortium have formally alleged that judicial administrators intentionally hampered their bid and have requested a reopening of the selection process.
  • Le Coq Sportif has been under judicial administration since November 2024 after accumulating €60 to 70 million in debt and reporting a €28.2 million loss in 2023.
  • The decision shapes the future of the brand’s Romilly-sur-Seine factory, where more than 150 workers face uncertainty during the planned workforce overhaul.