The British fashion and home goods retailer French Connection has announced that it is in talks with four potential buyers regarding a sale of the business. The apparel label also announced recently, that it is reviewing its strategic options and that the founder and CEO of the company, Stephen Marks can sell all of his 42 per cent stake in the company.
The UK-based apparel group has reported half-year pre-tax losses worth £ 15.1 million a significant rise as compared to a year earlier, where the numbers were £ 5.9 million.
Notably, after suffering years of losses and receiving harsh criticism for its strategy, the clothing label revealed earlier this year that it is on its way to attaining profit with a number of store closures that includes its giant Regent Street flagship.
French Connection also mentioned that its strategic review will stay operational until the first half of next year and if the sale does happen it will not be taking place any time soon.
The share prices of the British apparel label surged 40 per cent earlier this month, as soon as it announced about its strategic review along with a potential sale. The increase in share prices marks out that if the sale does take place, the shares will not be up for acquisition for a cheaper rate.
Furthermore, apart from French Connection, the company also operates brands such as Great Plains and YMC and reportedly in the recent past it has struggled because of its rival brands like Zara which have enhanced their offerings at an affordable price to the shoppers.
Bharat Tex Special Report 2026 
