FRANCE: Onillon takes the reins at loss-making Go Sport
Jean-Paul Onillon, head of retail group Casino's purchasing arm, has been appointed chairman of struggling sport goods chain Go Sport.
Casino's major shareholder, Rallye, has a stake of 90% in Go Sport.
Onillon replaces Loïc Le Borgne who had been in the job for 15 months. Le Borgne also held the post of CEO and is succeeded by André Ségura, who headed Go Sport's retail brand Courir. Onillon also retains his post at Casino.
The appointment is widely-viewed as Rallye taking its loss-making subsidiary in hand.
In July, just-style reported that Go Sport had almost halved its first-half net losses for the year, despite sales falling over the period.
The company recorded a net loss of EUR8.6m (US$11.6m) for the first six months of trading against a loss of EUR17.4m for the same period in 2012 - a result that cost
former CEO François Neukirch his job.
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