Monday, October 15, 2012

French family feud erupts at clothing firm Lacoste

PARIS - A family feud at the top of the Lacoste clothing company is pitting father against daughter in a battle for management of the green crocodile brand.
Michel Lacoste, 69, has decided to seek a court ruling against the company board's nomination of Sophie Lacoste-Dournel as non-executive president, which he told the daily Le Monde was an "irregular" decision "by an irregular board."
CEO of Hermes, Patrick Thomas, has now given up his seat on the Lacoste board (AFP/File, Mark

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