French Connection Plc
Apparel and textile industry company news
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French Connection H1 loss triples as Covid bites
French Connection Group said the timing of the Covid-19 outbreak had a material impact on its business in the first half, which saw its underlying loss for the period more than triple and group sales tumble by 53.2%.
French Connection will run out of cash unless funding secured
UK-based retailer French Connection has warned today (19 May) it is likely to run out of cash if it fails to secure funding to support the business.
Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.
French Connection reports FY loss, sales continue to fall
UK-based retailer French Connection has reported a loss for the full financial year, fuelled by an 11.4% drop in sales.
French Connection to boost speed-to-market with PLM
UK-based fashion retailer French Connection Group has upgraded to a cloud-based Product Lifecycle Management (PLM) solution to help reduce time to market and facilitate growth.
Buyer beware – Vietnam sourcing is not the same as China
US clothing brands and retailers mulling a sourcing switch to Vietnam to avoid the ongoing tariff war with China need to sharpen up – because doing business with Vietnamese trading partners is very different from working with Chinese suppliers.
French Connection H1 hit by difficult trading
French Connection Group may have done little to assure prospective buyers of its future potential, analysts have said, after the UK fashion retailer booked falling revenues weighed down by "extremely challenging" trading conditions in the first half.
French Connection extends sale discussions
French Connection Group has extended the period for completing the strategic review and formal sale process of the company to September.
French Connection sale talks "ongoing" amid return to FY profit
French Connection Group has achieved its goal of returning to underlying profitability as CEO and chairman Stephen Marks notes discussions regarding a potential sale of the business are "ongoing" with several interested parties.
French Connection in sale talks with four potential buyers
French Connection has announced it is in talks with four interested parties regarding a potential sale of the business.
French Connection bosses mull sale
French Connection Group's board of directors is mulling a sale of the company, it confirmed today (8 October).
French Connection optimistic despite widening H1 loss
French Connection Group CEO Stephen Marks says the company remains on target to return to profitability this year despite a drop in revenue and a widening of its statutory loss in the first six months.
French Connection finalises Toast deal
French Connection has completed the sale of its premium lifestyle brand Toast to Danish apparel company Bestseller, in a move it previously said is expected to generate about GBP13.9m (US$19.6m) and help its return to profitability.
French Connection to sell Toast brand to Bestseller
French Connection has entered into an agreement to sell its premium lifestyle brand Toast to Danish apparel company Bestseller in a move which is expected to generate about GBP13.9m (US$19.6m) for the British fashion retailer and will help it return to profitability.
French Connection close to turnaround, narrows FY loss
French Connection Group has revealed it received an unsolicited takeover approach from a third party in the US last year as the British fashion retailer said it is "very close" to returning to profitability.
Still much to do at French Connection as H1 losses narrow
British fashion retailer French Connection Group says it is moving in the right direction as its losses narrow in the first half of year, but admits there is still much to do as one analyst warns it must engage with lapsed customers to fend off competition from the likes of Zara and Asos.
Investors call for shake-up at French Connection
Three investors in French Connection Group are calling on the troubled British fashion retailer to shake-up its boardroom and replace two directors, and also consider a potential sale of the business.
French Connection losses continue in "disappointing" H1
Troubled British fashion retailer French Connection Group has booked what it called a "disappointing" first-half, after an improved performance in its retail business was offset by tougher trading in wholesale and licensing.
Poor product blamed for French Connection problems
French Connection needs to make its product more consistent in design and quality, one analyst has said, after the troubled fashion retailer recorded an annual loss of GBP4.7m (US$6.7m).
French Connection CFO Castleton to step down
UK fashion retailer French Connection has announced the departure of its finance chief, Adam Castleton, just months after issuing a profit warning.
French Connection shares fall on profit warning
UK fashion retailer French Connection has seen its share price decline 18% this morning (24 April) after warning its full-year performance will be below market expectations.
French Connection and Foot Locker “wage offenders”
French Connection and Foot Locker have become the latest firms to be named and shamed under a new scheme by the UK Government for paying workers less than the minimum wage.
“Overpriced” French Connection cuts FY loss
Fashion retail business French Connection cut its full-year operating loss, but saw retail sales tumble by 12% on the back of store closures.
Online fashion retailer Boohoo bans angora
Online fashion retailer Boohoo has become the latest retailer to ban the use of angora in its products following pressure from animal rights group PETA.
Primark latest to blame weather for sales
Value fashion retailer Primark has achieved like-for-like sales below the expectations of its parent company, as unusually warmer weather hurt revenues.
French fashion brand Lacoste has become the latest company to end the use of angora in its future clothing and accessories collections.
French Connection trading update "mixed"
French Connection has delivered a "mixed" trading update, with its share price rising despite posting a decline in like-for-like sales in the UK and Europe for the 17 weeks to 22 November.
Monsoon Accessorize joins ban on angora
UK apparel and accessories retailer Monsoon Accessorize has become the latest company to end the use of angora in its future clothing and accessories collections.
French Connection commits to stop selling angora
French Connection has become the latest firm to impose a ban on the use on angora from its future collections following pressure from animal rights group PETA.
COMMENT: Brand issues add to woes for online retailer Asos
Just a week after Asos issued its third profit warning this year, reports at the weekend suggested a potential revolt from some of the brands it sells over its aggressive discounting - exacerbating issues already weighing on the online retailer.
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