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Can French Connection weather the retail storm?

by LLB Editor September 17, 2019

written by LLB Editor 17^th Sep 19 7:55 am

Overall revenue at French Connection fell by 12.8% to £23.8m (13.5% at constant currency) while its operating loss from continuing operations was £3.7m, an improvement of £1.8m.

Stephen Marks, chairman and chief executive said: “There is no doubt that progress has not been helped by the trading conditions in which we operate in the UK, although our retail performance has been resilient, overall the wholesale business is strong and we continue to see good stability in the licence income.

“The order books we have provide a clear outlook for the second half of the year in wholesale but it appears that retail conditions will continue to be challenging.

Underpinned by these results we remain fully on track to achieve our expectations for the financial year.”