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.
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.
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.
French Connection is at risk of running out of cash but doesn't think it will as it's in active funding talks. It's also ready to reopen and has seen "a small increase in activity as Europe" starts to open up.