For this redesign I've kept things fairly simple and straightforward but hopefully stylish at the same time.
The badge outline is the hexagon, the shape of France and is done in a jeweled gold effect to display luxury, quality sophistication. The inner blue is the exact blue from the French flag and follows the same jeweled effect to add depth. The cockerel is the same as the mens but the tips or ends of the feet and feathers have been softened slightly. This is done in white and the red elements are in the red, also the exact red from the French flag.
The France and Féminine font follow closely the font and especially the alignment of Chanel, the famous fashion house in Paris. France afterall being the fashion capital of the world, I thought it would be cool to implement them somehow.
Like PSG are doing with Nike Air Jordan, I see other football associations and brands following suit with fashion labels and coming together to come up with one of a kind designs. I have done this same logo in a simple black on white and white on black design to show how this might look.