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Don't have an account? Click here to register.French Connection pushes back sale deadline amid ongoing talks
Fri, 28th Jun 2019 12:59
(Sharecast News) - Fashion retailer French Connection said the deadline for completion of its strategic review and formal sale process has been extended until its interim results in September, amid ongoing discussions with a number of interested parties.The company confirmed back in October 2018 that it had begun preliminary discussions about a sale with four interested parties and on Friday, it said that "discussions have progressed since then". At the time of the update last year, the group said it expected the strategic review and the sale to conclude in the first half of 2019."Notwithstanding the extension of the strategic review and formal sale process, the board continues to believe that French Connection can deliver long-term growth and remains focused on building on the momentum achieved last year and driving the business forward."French Connection's interim results are due on 17 September.Independent retail analyst Nick Bubb pointed out: "We are not told why things have taken so long or what the options are or whether Sports Direct is still interested or what recent trading has been like."
More News
30 Nov 2015 10:19
French Connection winter fashions help sales to recover
Nov 30 (Reuters) - French Connection Group Plc reported a slight rise in sales at stores in Britain and the rest of Europe ahead of the key Christmas shopping season, putting it on track to match market expectations for its full-year results. Shares of French Connection rose about 25 perce
Read more30 Nov 2015 09:36
French Connection rallies as it reports strong winter trading
(ShareCast News) - Shares in French Connection surged after the fashion retailer said its performance in winter was better than expected and announced the closure of more stores. In a trading update for the 16-week period ended 21 November, the group said sales of the winter collection have continue
Read more15 Nov 2015 15:57
Sunday newspaper round-up: Paris reaction, banking fallout, HBOS, Rolls
(ShareCast News) - Analysts and strategists have predicted European and Asian stock markets will fall sharply but not lead to a major crash on Monday amid fears that the terror attacks in Paris will hurt Europe's economic recovery. European markets are expected to lose 2% when trading begins, with t
Read more10 Sep 2015 15:12
10 Jul 2015 11:28
LSL Property Services poaches new CFO from FCUK
(ShareCast News) - Residential property company LSL Property Services has poached new chief financial officer Adam Castleton from clothing retailer French Connection Group. A start date for Castleton, who has previously worked at O2 UK, eBay, and The Walt Disney Company, will be confirmed shortly.
Read more10 Jul 2015 07:30
10 Jul 2015 06:26
French Connection says finance chief to leave for LSL Property job
July 10 (Reuters) - Fashion retailer French Connection Group Plc said on Friday its Finance Director Adam Castleton would leave to become Chief Financial Officer at LSL Property Services Plc. The company said a search for Castleton's replacement is underway and that it would soon make an an
Read more14 May 2015 05:23