French Connection has received two separate takeover approaches from likely suitors, sending the having difficulties retailer’s shares a two-thirds increased in early morning buying and selling.
Retail investor Spotlight Manufacturers has approached the business relating to a takeover bid with backing from restructuring and expense business Gordon Brothers, which bought the Laura Ashley brand name very last yr.
The retailer said it had also been given a separate likely give from brand name expense system Go Worldwide Retail.
French Connection, which is valued at all over £15m, reported: “Conversations with each Highlight and Go Worldwide continue to be at a quite early phase. Accordingly, there can be no certainty that an give will be designed, nor as to the phrases on which any give could possibly be designed.”
The brand had been having difficulties just before the pandemic struck – it has not been worthwhile in nearly a ten years – but rolling lockdowns only included to its woes.
