The story
Founded by André Gillier and René Lacoste in 1933, in Troyes.1
History
Early years
In 1923, an American journalist from Boston began to nickname 19-year-old tennis prodigy René Lacoste, "the Crocodile", as to reflect his ferocious on-court determination whilst subtly referring to an unusual bet that Lacoste made to his team captain Allan Muhr, that he must buy him a crocodile-skinned suitcase if he wins the next match.
The bet was lost but the nickname stayed, and in 1927 American stylist Robert George depicted drawings and sketches of crocodiles to his friend Lacoste, who then embroidered one of them to his white blazer that he wore before every match.
In 1933 Lacoste began to brand clothing as La Chemise Lacoste with André Gillier, the owner and president of the largest French knitwear manufacturing firm at the time. They began to produce the revolutionary polo Lacoste had designed and worn on the tennis courts, with the crocodile logo embroidered on the chest. The company claims this as the first example of a brand appearing on a sport clothing.
Expansion to the U.S. market
Starting in the 1950s, Izod produced clothing known as Izod Lacoste under exclusive license for sale in the U.S. market. The partnership ended in 1993 when Lacoste regained control of its U.S. rights to market its own brand. In 1977, Le Tigre was founded in an attempt to directly compete with Lacoste in the U.S. market, selling a similar array of clothing, but featuring a tiger in place of the signature Lacoste crocodile.
Christophe Lemaire, 2001–2010
In 2001, French designer Christophe Lemaire was hired to create a more modern, upscale look at Lacoste. In 2005, almost 50 million Lacoste products were sold in over 110 countries. Its visibility has increased due to the contracts between Lacoste and several tennis players, including former American tennis players Andy Roddick and John Isner, French veteran Richard Gasquet, and Swiss Olympic gold medalist Stanislas Wawrinka. Lacoste had also begun to increase its presence in the golf world, where noted two-time Masters Tournament champion José María Olazábal and Scottish golfer Colin Montgomerie have been seen sporting Lacoste shirts in tournaments.
Bernard Lacoste became seriously ill in early 2005, which led him to transfer the presidency of Lacoste to his younger brother and closest collaborator for many years, Michel Lacoste. Bernard died in Paris on 21 March 2006.
Lacoste licensed its trademark to various companies. Devanlay long owned the exclusive worldwide clothing license, though today Lacoste Polo Shirts are also manufactured under licence in Thailand by ICC and also in China. The brand had entered into agreements with Pentland Group to produce Lacoste footwear; with Coty Inc. to produce fragrance; with Samsonite to produce luggage (2001–2009); and CEMALAC held the license to produce Lacoste bags and small leather goods.
In June 2007, Lacoste introduced their e-commerce site for the U.S. market. In 2009, Hayden Christensen became the face of the Challenge fragrance for men.
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Felipe Oliveira Baptista, 2010–2018
In September 2010, Christophe Lemaire stepped down and Felipe Oliveira Baptista succeeded him as the creative manager of Lacoste.
In 2010, Lacoste first entered into a licensing agreement with Marchon Eyewear to design, produce and distribute Lacoste-branded optical and sunglasses. Also in 2010, Lacoste introduced its first fashion jewelry line through a four-year license with Le Cheylard, France-based GL Bijoux Group.
In 2012, Lacoste was acquired fully by Swiss family-held group Maus Freres, valuing the company at 1 billion euros.
In 2017, tennis player Novak Djokovic was named brand ambassador and "the new crocodile" (next to Rene Lacoste) for Lacoste. This obligation included a five-year contract as well as multiple appearances in advertising campaigns, and was extended by three years. In 2019, Lacoste appointed Chinese singer/actor Z.Tao as their brand spokesperson for Asia Pacific as the brand's first attempt at appointing someone for the region.
In 2017, 2018, and 2019, Lacoste collaborated with Supreme to release a collection of co-branded clothing.
Louise Trotter, 2018–2023
From 2018 to 2023, Louise Trotter served as creative director of Lacoste for a four-year tenure.
Also in 2018, Lacoste formed a joint venture with the Pentland Group, its global licensee for footwear since 1991.
In late 2022, Lacoste its previous relationship with Coty Inc. and signed a 15-year worldwide licensing agreement with Interparfums, with plans to launch a new perfume line in 2024.
Pelagia Kolotouros, 2023–present
In 2023, Pelagia Kolotouros became the creative design director of Lacoste.
Under the leadership of CEO Thierry Guibert, Lacoste took back control of its distribution networks, moving to a 70 per cent proportion of sales in its own retail stores and 30 per cent through wholesalers, from the inverse ratio previously, in order to better control the brand image and pricing. It also expanded into womenswear and returned to presenting collections at Paris Fashion Week in 2024.
Also under Guibert, Lacoste bought back licences for its shoes, leather goods and undergarments; the remaining Lacoste licensees include Interparfums for fragrances and cosmetics, Marchon for eyewear and Movado for watches and jewelry. In 2024, the brand entered into a worldwide license agreement for the design, production and marketing of its kids’ collections with American company Haddad Brands.
Between 2023 and 2024, Lacoste appointed Arthur Fils, Pierre Niney and Wang Yibo as new brand ambassadors.
In June 2024, Lacoste announced the launch of its new fragrance, Lacoste Original.
From Wikipedia’s article on Lacoste, shared under CC BY-SA 4.0.5
