Maus buys Lacoste

Lacoste has been bought by the Swiss family-held group Maus Frères in a deal which valued the French sportswear and fashion maker at €1bn (£805m). The deal follows a Lacoste family feud over management of the firm.

"All Lacoste family shareholders have decided to sell the totality of their shares to Maus Frères, which already held 35 per cent of Lacoste," the Swiss company said.