René Lacoste founded La Chemise Lacoste in 1933 with André Gillier, the owner and president of the largest French knitwear manufacturing firm at the time. They began to produce the revolutionary tennis shirt Lacoste had designed and worn on the tennis courts with the crocodile logo embroidered on the chest. Although the company claims this as the first example of a brand name appearing on the outside of an article of clothing, the “Jantzen girl” logo appeared on the outside of Jantzen Knitting Mills’ swimsuits as early as 1921.
In addition to tennis shirts, Lacoste produced shirts for golf and sailing. In 1951, the company began to expand as it branched from “tennis white” and introduced color shirts. In 1952, the shirts were exported to the United States and advertised as “the status symbol of the competent sportsman,” influencing the clothing choices of the upper-class. Lacoste was sold at Brooks Brothers until the late 1960’s. It is still one of the most popular brands in the United States, and a mainstay of the “preppy wardrobe”
In 1963, Bernard Lacoste took over the management of the company from his father René. Significant company growth was seen under Bernard’s management. When he became president, around 300,000 Lacoste products were sold annually. The Lacoste brand reached its height of popularity in the US during the late 1970s and became the signature 1980s “preppy” wardrobe item, even getting mentioned in Lisa Birnbach’s Official Preppy Handbook of 1980. The company also began to introduce other products into their line including shorts, perfume, optical and sunglasses, tennis shoes, deck shoes, walking shoes, watches, and various leather goods.
In the United States in the 1970s and 1980s, Izod and Lacoste were often used interchangeably, because starting in the 1950s, Izod produced clothing known as Izod Lacoste under license for sale in the U.S. This partnership ended in 1993 when Lacoste regained exclusive U.S. rights to distribute shirts under its own brand.
In the 2000s, Lacoste’s popularity surged due to French designer Christophe Lemaire’s work to create a more modern, upscale look. In 2005, almost 50 million Lacoste products sold in over 110 countries. Its visibility has increased due to the contracts between Lacoste and several young tennis players, including American tennis star Andy Roddick, French rising young prospect Richard Gasquet, and Swiss Olympic gold medalist Stanislas Wawrinka.
In the mid-2000s, Lacoste began to increase its presence in the golf world, sponsoring two time Masters Tournament champion José María Olazábal and Scottish golfer Colin Montgomerie.
Bernard Lacoste became seriously ill in early 2005, which led him to transfer the presidency of Lacoste to his younger brother and close collaborator for many years, Michel Lacoste. Bernard died in Paris on March 21, 2006. That same year the Lacoste Foundation was founded. The foundation supports community projects that, through sport, come to the aid of vulnerable young people. Michel Lacoste served as President until 2008.
In November, 2012, Lacoste was sold to the Swiss family-held group Maus Frères, which already held 35 percent of Lacoste capital via its subsidiary Devanlay, in a deal which valued Lacoste at 1 billion euros. The deal followed a family feud over the management of the brand which pitted Michel Lacoste against his daughter, Sophie Lacoste-Dournel, who had been named non-executive chairman in September, 2012. At the time of the deal, Lacoste Dournel said she and family members had decided to sell “with great sadness.” Maue Frères describes itself as:
A Swiss family enterprise spanning over a century, four continents and four generations of the Maus and Nordmann clans. In November 1902, department store owner Leon Nordmann with close friends, brothers Ernest and Henri Maus (mercantile and hosiery wholesalers) formed a partnership and opened their first venture in Luzern. The department store specialised in textiles, notions and knitwear … Today, Maus Frères SA is run with the same astute business flair of the enterprise’s founders. Succeeding generations of Maus and Nordmann heirs have parlayed the chain’s modest beginnings into a conglomerate of well-known retail brands and store chains in Switzerland and worldwide.
In 2018, Novac Djokovic debuted as the new face of Lacoste under the slogan “The New Crocodile.”