French Connection fields takeover approaches

Truman Slate

French Relationship has received two separate takeover ways from probable suitors, sending the battling retailer’s shares a two-thirds bigger in early morning trading. 

Retail investor Spotlight Brand names has approached the company regarding a takeover bid with backing from restructuring and expenditure business Gordon Brothers, which acquired the Laura Ashley model very last year. 

The retailer said it had also obtained a separate probable present from model expenditure system Go Global Retail. 

French Relationship, which is valued at about £15m, said: “Conversations with the two Spotlight and Go Global stay at a pretty early phase. Accordingly, there can be no certainty that an present will be manufactured, nor as to the phrases on which any present may well be manufactured.”

The brand had been battling before the pandemic struck – it has not been lucrative in practically a ten years – but rolling lockdowns only extra to its woes.

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