Lacoste Invests $800,000 to Boost Struggling Moroccan Textile Subsidiary

This subsidiary, which has two production units in the Rabat region, has been experiencing some difficulties for the past two years, reports the newspaper Albayane, which specifies that this operation should clean up the accounts of the company which has never called on debt to finance itself.

Polex Sport is a knitwear manufacturing company specializing in fine knitwear, whose production is exclusively destined for Lacoste. The structure created in 1991 currently has a little more than 400 employees.

The Lacoste group has 14 stores in Morocco and a little more than 1,400 worldwide, a good part of which are under franchise.