Home Business News French Connection up for sale

French Connection up for sale

by Purvai Dua
8th Oct 18 7:41 am

Following days of speculation, British retailer French Connection has today confirmed that it is reviewing strategic options, which could include a sale of the company.

The fashion brand has also appointed Numis Securities as its financial adviser.

The company said in a statement that ‘it is currently reviewing all strategic options in order to deliver maximum value for its shareholders, which includes the potential sale of the company.’

FCUK, which has made a loss for each of the five recent years, added: “There can be no certainty that an offer will be made for the company, nor as to the terms on which any offer will be made.”

One name already in the frame is Sports Direct and House of Fraser owner Mike Ashley, who already owns 27 per cent of the company.

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