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.
The Laura Ashley headlines may have screamed 70% profits plunge but the news wasn't truly as bad as that. And with a renewed focus on fashion, expansion in India and e-tail growth, it's upbeat, despite big challenges.
Harvey Nichols and John Lewis are among the favourite stores for UK consumers but Topshop and Topman, Peacocks and JD Sports come much closer to the bottom of the list in a new poll from Which that looked at 100 chains.
Amancio Ortega, founder of the world's biggest clothing retailer Inditex, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control after he dies.
The second half of 2016 proved to be a tough one for Laura Ashley as the firm faced a challenging backdrop leading to a profit warning Thursday. But it is upbeat and sees improvement ahead as it grows internationally.