A nearly 90-year-old French sportswear label is calling the game for its American retail business. Earlier this month, Lacoste USA’s chief financial officer Karine Sansot-Vincent sent a letter to its landlords announcing that it would seek to renegotiate leases as reducing costs would be “vital” to its “ability to be a viable company in the future.” The letter, seen by The Real Deal, notes that the company has retained restructuring counsel at law firm Arent
source https://therealdeal.com/2020/05/19/game-point-lacoste-usa-is-restructuring-renegotiating-retail-leases/
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