Camuset, 83, eventually agreed to part with both the factory and the main archive, a book that staff members described as the company’s “bible.” As part of the deal, Beausire also restored a link to the founding family by giving Camuset a small share of the business and a place on its board.
The rebirth has been bumpy. According to Le Coq Sportif’s latest accounts, the brand’s losses doubled in 2020, to 20 million euros (about $22.5 million), as the company experienced plummeting revenues related to the coronavirus pandemic.
But Beausire is doubling down. A former textile mill next to the factory is being refurbished, and he said that he plans to triple the size of the work force in Romilly. The company’s turnover tumbled almost 35 percent, to 90 million euros, last year, or about three times less than Adidas makes from its French operations. But Beausire wants Le Coq Sportif to become synonymous with its home country again, and speaks with pride of his goal of one day surpassing Adidas in sales in its home market.
To achieve that, Le Coq Sportif has been signing contracts to outfit widely known sports teams with historical relevance to the company and the country, including the French soccer team St.-Étienne and, more significantly, France’s national rugby team, which returned to the fold after ending a contract with Adidas.