Lacoste Introduces New “Eco-Friendly,” “Closed Loop” Polo Shirt

Red Leather Lacoste LogoIf you are into buzz words, you will love Lacoste’s new  “Eco-Friendly,” “Closed-Loop” polo shirt of which no two are identical. WWD has the details:

Lacoste is bringing a sustainable twist to its classic bestseller by introducing the Loop Polo. The eco-friendly polo shirt is made of 30 percent recycled cotton spun together with 70 percent virgin cotton; it is unisex.

Lacoste’s Loop Polo is made using a “closed-loop” process, which means no two polos are identical. It comes in a speckled look in heather gray or midnight blue. It has a “petit pique” texture, two-button neckline, short sleeves and tonal croc camouflage [logo], made from recycled polyester.

The manufacturing process also consumes less water. For more details, got to WWD.  The shirt is available as of today online and in Lacoste Stores. More coverage at Fashion United UK.

 

Lacoste Expanding E-Commerce Coverage To Kuwait, Qatar and Egypt

Esquire reports that Lacoste is expanding its e-commerce coverage in the Middle East and the Gulf:

Looking to grow its regional offering Lacoste has expanded its e-commerce offering to Kuwait, Qatar and Egypt, promising free delivery with 48 hours.

The launch of the service in the three countries will offer the full range of Lacoste collections for both men and women including Lacoste mainline, Lacoste L!VE and Lacoste sport.

In addition, the ecommerce site will feature a wide variety of products in varying categories such as apparel, shoes, leather goods and accessories.

Lacoste Opens New Store At The Icon Outlet At The O2 in London

Lacoste MasksUpdated 12/04.2020

Lacoste announced that it is opening a new store at the Icon Outlet at the O2 in London. For a limited time, to celebrate the new store’s opening, they are offering a chance to win “one year’s supply of iconic Lacoste polos.”

Here’s the press release:

Icon Outlet at The O2 has announced international designer brand, Lacoste, is the latest retailer to sign for its newest outlet store at the destination.  As one of the leading shopping destinations in the capital, Lacoste is set to join Icon Outlet’s robust retail offering of over 60 brands including, Hugo Boss, Tommy Hilfiger, Levi’s, GAP, Nike and adidas.

 

Lacoste will open its latest 1770 square foot store on the upper level adjacent to Ted Baker and Calvin Klein, from 10am on Wednesday 2 December. The store will stock Lacoste’s apparel lines, accessories and fragrances for men, women and children, and the brand remains an official partner of the Nitto ATP Finals which recently took place at The O2 behind closed doors due to the national lockdown.

 

Jamie Givens, CEO for UK & Ireland at Lacoste, commented: “We are thrilled to have signed for our latest space at Icon Outlet. At Lacoste we have always been committed to designing products that combine innovation, quality and elegance. Icon Outlet embraces these notions across their retail portfolio and we look forward to showcasing our premium range of unique and original lifestyle offerings for women, men and children.”

 

Marion Dillon, leasing firector for Icon Outlet, added: “Lacoste is a fabulous addition to our international brands here at Icon Outlet … Lacoste is an anchor brand and their signing is evidence that Icon Outlet remains attractive to international brands interested in reaching our diverse customer base.”

Janine Constantin-Russell, managing director of Icon Outlet, added: “We are delighted to be reopening again with Lacoste now joining our family of  brands.”

See the complete press release at Retail Times UK, or for more coverage see Retail and Leisure International or Fashion United UK.

Lacoste Coming To Palm Beach Outlets

Palm Beach’s Florida Weekly reports that a Lacoste Outlet store will be opening at the Palm Beach Outlets:

Brace yourselves, alligator fans.

Palm Beach Outlets has announced the fall opening of Lacoste Outlet … [The] Lacoste Outlet will be across from Coach Outlet. It’s expected to open in November. For the most updated opening date information visit www.PalmBeachOutlets.com.

More details can be found at Florida Weekly.

Lacoste is Attempting To Renegotiate Its Real Estate Leases In the United States

Lacoste Store WindowAccording to the Real Deal which covers New York City real estate issue, Lacoste is attempting to renegotiate its retail leases in the United States:

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 Fox and real estate advisory firm Keen-Summit Capital Partners to lead the restructuring of its leases with landlords across the country.

In the letter, Sansot-Vincent wrote that due to Covid-19 closures, “The existing retail business model is no longer sustainable. The essential purpose of our retail leases has been totally frustrated.”

Read more at the Real Deal.