Jan 8, 2016
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French Connection sells 5% stake

Jan 8, 2016

French Connection, the UK fashion retailer, has announced the sale of a 5% stake in the company to Will Adderley.

French Connection

French Connection has been underperforming for a while, but was showing signs of recovery in November, when it announced a 0.2% rise in like-for-like retail sales in the UK and Europe for the 16 weeks ended November 21.

Will Adderley is the deputy chairman and a major shareholder in Dunelm, a homewares company started by his father. He acquired the French Connection stake through WA Capital, his investment vehicle.

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