In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
HoF's new owner Sports Direct is continuing to blame “greedy landlords” after it said three of the chain’s 59 department stores will definitely close. They include Hull and Swindon, plus Frasers in Edinburgh.
Sports Direct said on Monday that any suggestion that it wants to block the potential sale of Debenhams' Magasin du Nord was “irresponsible and incorrect” as it denied claims that it wants the chain to collapse.
Mike Ashley, the founder and majority owner of sportswear retailer Sports Direct , said he had been "stabbed in the back" by shareholders, warning that future engagement with them would be "extremely challenging".
Shares in Debenhams rose as much as 9 percent on Wednesday after an outgoing director of Sports Direct said the sportswear firm's board had discussed combining the department store group with House of Fraser.
A merger between Sports Direct's House of Fraser and rival Debenhams, in which the retailer owns almost a 30% stake, has been discussed by the Sports Direct board, but the firm said it has no plans to bid for the chain.