UK trend retailer French Connection seeks recent suitors for buyout


Struggling UK trend retailer French Connection is searching for new suitors as funding companies Highlight Manufacturers and Gordon Brothers pulled out of preliminary talks to purchase it. The corporate had launched a sale course of and had been approached by three different events. It mentioned it’s nonetheless in preliminary talks with beforehand introduced joint suitor Go International Retail and HMJ Worldwide.

Go International-HMJ has till March 5 to resolve whether or not to make a bid, a worldwide newswire reported.

As soon as identified for its provocative ‘FCUK’ model of clothes and accessories, the corporate has not been worthwhile in practically a decade.

In October final yr, the corporate reported that its losses greater than tripled within the six months until July 31 from a yr earlier, because the retailer, whose manufacturers embrace namesake French Connection, Nice Plains and YMC, additionally struggled to distinguish itself from rivals like Inditex’s Zara.

WH Eire is performing as the only monetary adviser and dealer on the sale for French Connection, which was based in 1972 by chief government and prime shareholder Stephen Marks.

Fibre2Fashion Information Desk (DS)

French Connection is searching for new suitors as funding companies Highlight Manufacturers and Gordon Brothers pulled out of preliminary talks to purchase it. The UK-based firm had launched a sale course of and had been approached by three different events. It mentioned it’s nonetheless in preliminary talks with beforehand introduced joint suitor Go International Retail and HMJ Worldwide.

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