In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
JD Sports is riding high at the moment and that’s making it acquisition-hungry. The latest? US-based The Finish Line, with the company having entered a conditional (and game-changing) deal to buy it at the weekend.
House of Fraser’s Chinese owner is planning to sell its majority stake in the under-performing department store chain to another Chinese entity, it confirmed on Tuesday. But it will keep a large holding in the retailer.
It was a mix of the good and the bad as Sports Direct delivered its results on Thursday with the global retail giant clearly still a work-in-progress that's advancing in some areas, but also seeing a profits drop.
Sports Direct now owns 27% of beleaguered fashion retailer French Connection with the stake making it the second largest shareholder in the firm and just 3% below the threshold at which it must launch a takeover bid.
Sports Direct saw its profits taking a dive last year and currency effects are hitting margins hard. But new-gen stores, a deal with Asics and strong premium lifestyle and licensing ops give it reasons to be cheerful
Investors in struggling French Connection are voicing fresh criticism of its boss Stephen Marks. Their complaints come after the board confirmed him in his dual CEO/chairman’s role on a show of hands at last week’s AGM.
Sports Direct said late on Thursday that it has taken strategic stakes in US-based businesses Iconix and Finish Line as it seeks to "hopefully build a relationship and develop commercial partnerships".