×
233
Fashion Jobs
SHISEIDO
Laura Mercier Account Manager - Arnotts, Dublin (Maternity Cover)
Permanent · Dublin 13
SHISEIDO
Bareminerals Account Manager - Boots, Belfast
Permanent · New York
RALPH LAUREN
Assistant General Manager (Kildare)
Permanent · Kildare
SHISEIDO
Bareminerals Dual Site Account Manager - Arnotts, Dublin
Permanent · Dublin 13
ESTÉE LAUDER
jo Malone London - Business Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 24 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
Estée Lauder - Counter Manager - Brown Thomas, Limerick - 37.5 Hours - Full-Time - Permanent
Permanent · Limerick
ESTÉE LAUDER
la Mer - Assistant Manager - Brown Thomas, Dublin - 30 Hours - Full-Time - Permanent
Permanent · Dublin
ESTÉE LAUDER
Mac - Retail Artist - Brown Thomas, Cork - 18 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Estée Lauder - Beauty Advisor - Arnotts, Dublin - 30 Hours - Full-Time - Permanent
Permanent · Dublin
Published
Feb 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French Connection confirms multiple takeover approaches

Published
Feb 5, 2021

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 along with its sales and profits.


French Connection



It said the early takeover approaches have come from Spotlight Brands in conjunction with Gordon Brothers International and Go Global Retail in partnership with HMJ International.

Of course, this doesn't mean that a concrete bid will actually happen and the company said that it's still in talks with its two suitors. “Discussions with both Spotlight and Go Global remain at a very early stage. Accordingly, there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made (although any offer is likely to be in cash).  Further announcements will be made as appropriate in due course,” it said.

Under stock exchange rules, the possible bidders have until no later than the end of play on March 5 to announce either a firm intention to make an offer for the company or to walk away.

So how much might an offer value the firm at? Well, looking at the share price, the answer has to be… not a lot. French Conection’s market capitalisation was just over £20 million on Friday morning after the approaches were formally announced and it was only that high because the shares had risen sharply on the bid speculation. 

The shares had looked like they were heading towards £5 each back in March 2004. But then they began a decline that saw them trading at less than 6p each at one point last autumn. At the time of writing this news story, they’re above 20p each.

French Connection’s directors appear to have been unwilling to sell in the past, despite the company’s mounting problems. But the last year has piled on the pressure even further and the retailer is just one of many companies that are assessing their options in the light of a pandemic whose effects will continue to be felt even after everyone in the UK has been vaccinated.

Copyright © 2021 FashionNetwork.com All rights reserved.