Former Tour de France yellow jersey maker placed into receivership

Le Coq Sportif also produced kit for the French Olympic Federation during Paris 2024

Tadej Pogacar during the 2021 Tour de France in a Le Coq Sportif yellow jersey
(Image credit: Getty Images)

The French sportswear manufacturer Le Coq Sportif has been placed into receivership in order to respond to "challenges" facing the brand and to "protect its 330 employees".

The former provider of the Tour de France yellow jersey also provided kit to the French Olympic Federation during the summer games in Paris, including for Valentin Madouas and Christophe Laporte when they rode to silver and bronze medals in the men’s Olympic road race behind the winner, Belgium’s Remco Evenepoel.

Last month, the firm’s parent company Airesis announced that Le Coq Sportif was facing “significant financial pressures” and requested the opening of a receivership procedure with a Paris court. Airesis then announced on Friday that this has now been formalised and has begun.

Receivership is a protective measure for a company suffering financial difficulties. It is a formal legal process in which a company’s assets are taken over by a receiver, who is usually a creditor, in order to help recover debts.

According to a report in French newspaper Le Monde, Le Coq Sportif’s first-half financial results, published at the end of September, show that the firm posted a loss of €18.2 million (£15.2m million/$19 million) compared to a loss of €10.5 million (£8.8 million/$11 million) in the first half of last year.

The kit manufacturer also took out a €2.9 million (£2.4 million/$3 million) loan from the Paris 2024 organising committee in May 2024. The report in Le Monde says that the firm still has €150,000 (£125,000/$157,000) to be repaid.

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Tom Thewlis
News and Features Writer

After previously working in higher education, Tom joined Cycling Weekly in 2022 and hasn't looked back. He's been covering professional cycling ever since; reporting on the ground from some of the sport's biggest races and events, including the Tour de France, Paris-Roubaix and the World Championships. His earliest memory of a bike race is watching the Tour on holiday in the early 2000's in the south of France - he even made it on to the podium in Pau afterwards. His favourite place that cycling has taken him is Montréal in Canada.