×
140
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
Published
Oct 22, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French Connection confirms it's in talks about a sale

Published
Oct 22, 2018

French Connection said on Friday it has started talks with four parties regarding a sale. The company, which had announced not long before that it was reviewing its strategic options, also said it has had talks with other interested parties about its plans, which could mean it’s not guaranteed that it will eventually agree to a sale. We don't know who it's talking to either.


French Connection



French Connection was founded by its CEO and Chairman Stephen Marks in 1972, who is its biggest shareholder, but Sport Direct is its second biggest shareholder with close to a 30% stake and it's unclear whether Sports Direct boss Mike Ashley would want to try to take it over completely to add to his growing empire.

Why is it for sale? Having ridden a wave of high sales on the back of its provocative FCUK brand some years ago, the company’s offer began to look stale this decade and it has been loss-making for six years with plenty of shareholder complaints about its strategy during that time. But in March, it said it was on the verge of turning profitable after having closed a number of stores, including its giant Regent Street flagship.

If it's sold, it might not happen that quickly. The firm said it expects its strategic review to conclude in the first half of 2019.

Any buyer shouldn’t expect to get it cheaply either. The company’s share price surged 45% on October 8 after it emerged that a sale was a possibility after having been low for some time. 

The company owns its namesake brand, as well as Great Plains and YMC, but sold its Toast operation to Bestseller this spring. It has struggled in recent years as high street rivals such as Zara showed they were able to offer on-trend pieces more quickly and at more affordable prices.

Copyright © 2022 FashionNetwork.com All rights reserved.