Swiss group Calida, which owns high-end lingerie label Aubade, has made an offer to take control of French outdoor clothing and equipment firm Lafuma.

Already holding a stake of just over 15%, Calida is proposing to raise this to 50.6% with an investment of EUR35m (US$47m) in Lafuma through an increase in the latter's capital.

It then intends to acquire the remainder before proceeding to a second capital increase of EUR10m.

In June this year, just-style reported that Lafuma was cutting 161 posts in France amid a first-half net loss of EUR60m. On a year-on-year basis, sales fell over 15% to EUR 103m during the half ended 31 March.

Lafuma's board will convene in the coming weeks to consider Calida's offer. The firm had planned to leverage fresh capital earlier this year in order to reduce debt, but in March abandoned the move when it issued a warning on its results.