French Connection on Tuesday released what we assume will be its last set of results before it’s sold, and they showed the start of a recovery. But its performance is still far from its glory days earlier this century.
A week after French Connection accepted a takeover offer, the fashion retailer has published the Court-sanctioned scheme of arrangement whereby the business will change hands, with MIP Holdings to become the new owner.
French Connection, the provocative UK fashion brand known for its "FCUK" branding, said on Monday it has agreed to sell itself for 29 million pounds, after years of losses only made worse during the coronavirus pandemic.
Menswear retailer Moss Bros has begun its new monthly subscription-based clothing rental service and hopes the ‘Moss Box’ venture, the first such menswear scheme in the UK, can become the 'new Netflix' of clothing.
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.