The Lafuma Group has warned that its business is suffering a substantial decline, which will significantly affect its results and the worth of its assets for the current fiscal year, running until the end of September. The French outdoor and action sports company said that in this context, its supervisory board has decided not to go ahead right away with the capital increase it announced in January, when Calida, the Swiss textile company, acquired 15.2 percent of the Lafuma Group. It wants to entirely reorganize its financial structure first. The new management team headed by Felix Sulzberger, chief executive of Calida, is to outline its strategic plans for the Lafuma Group in June, when it publishes its half-year results.
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