
French Connection has named a new non-executive director, with Neil Page joining with immediate effect. It said he “brings an extensive track record in the retail industry”.
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French Connection has named a new non-executive director, with Neil Page joining with immediate effect. It said he “brings an extensive track record in the retail industry”.
French Connection said on Tuesday it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers backed out from making an offer to buy the struggling British fashion retailer.
Frasers Group took advantage of a rising share price last week to sell its entire stake in struggling French Connection. The company had a stake adding up to a 24.93% holding in the firm prior to the sale.
French Connection said on Friday that it has received more than one takeover approach. It’s considering a sale of the retailer, which has been struggling for several years and has seen its share price plummeting.
Fashion retailer French Connection on Friday announced a new funding package to specifically help its US business. And it also said that trading is tough as lockdowns have dented sales, but e-tail is stronger.
West End landlord Grosvenor has given some of the major shopping streets it controls a green makeover and made them more attractive to potential visitors.
French Connection’s interim results on Tuesday didn't make happy reading as the six months ending July 31 saw the majority of its trading period impacted by the pandemic and sales plunged, although e-tail was up.
French Connection’s trading and funding update on Friday surprisingly provided a small glimmer of hope, even though the retailer said that times remain tough.
The news that activist investor Gatemore has built up a 3.4% stake in Superdry has refocused attention on the recovery prospects for the former high-flying company.
New LovetheSales.com analysis of e-shopper demand shows a hunger for luxury investment pieces as well as high street fashion for the looming day when consumers will be able to restart their social lives.