PARIS—The parent company of Lacoste is on the hunt for acquisitions to expand its portfolio of brands after the upmarket French label reported record annual sales. Sales at Lacoste, best known for its crocodile-logo polo shirts embraced by tennis stars, rose 26% to more than €2.
Link: Lacoste Owner Looks to Snap Up More Brands as Sales Surge - WSJ
Having cash in this environment is a good thing. It means you can pickup some bargains. This is great especially if you have a way to monetize these brands. Does this mean that Lacoste is becoming an IP licensing firm, or is Lacoste going to try and operate these brands?