×
60 408
Fashion Jobs
BATH & BODY WORKS
Distribution Center Operations Manager - pm Shift - Reynoldsburg, oh
Permanent · Reynoldsburg
SHISEIDO
Planner, Demand Planning
Permanent · New York
MARSHALLS
Loss Prevention Detective
Permanent · Golden
TJ MAXX
lp Detective
Permanent · Pittsburgh
HOMEGOODS
Distribution Center Supervisor
Permanent · Lordstown
TJ MAXX
Distribution Center Loss Prevention Specialist- Weekends
Permanent · Worcester
TJ MAXX
Loss Prevention Detective
Permanent · Carlisle
HOMEGOODS
Loss Prevention Detective
Permanent · San Jose
MARSHALLS
Loss Prevention Detective
Permanent · Wyoming
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Somersworth
MARSHALLS
Loss Prevention Detective-Milwaukee
Permanent · Milwaukee
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · San Carlos
TJX COMPANIES
Senior Product Manager - Global Buying Tools
Permanent · Marlborough
MARSHALLS
Operations Supervisor Distribution Center
Permanent · Decatur
MARSHALLS
Retail Loss Prevention Detective
Permanent · Niagara Falls
MARSHALLS
Loss Prevention Customer Service Associate Part Time
Permanent · Houston
TJ MAXX
lp Detective - Store 62, Hartsdale, ny
Permanent · Hartsdale
MARSHALLS
Retail Loss Prevention Detective
Permanent · Greece
TJ MAXX
lp Detective
Permanent · Brentwood
HOMEGOODS
Loss Prevention Detective
Permanent · Plano
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Irving
TJ MAXX
tj Maxx Loss Prevention Associate- Bayonne nj
Permanent · Bayonne
By
Reuters API
Published
Mar 2, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Retailer French Connection seeks buyout offers as suitor backs out

By
Reuters API
Published
Mar 2, 2021

French Connection said on Tuesday it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers backed out from making an offer to buy the struggling British fashion retailer after the investment firms approached it last month.


Photo: - French Connection



The retailer, in two separate statements, said it was beginning a formal sale process and had been approached by three other parties for preliminary talks in addition to a previously announced potential offer from Go Global Retail and HMJ International.

London-listed French Connection was a force in the British fashion market in the 1990s and was known for its provocative "FCUK" branding, but it has not been profitable in nearly a decade.

The COVID-19 pandemic had further dented its sales, joining other retail brands such as Laura Ashley, Oasis and Arcadia that were hit by the crisis.

French Connection in February said the talks with Spotlight-Gordan and Go Global-HMJ were at a very early stage - a message it reiterated on Tuesday saying none of its current talks are guaranteed to lead to an offer.

Under British takeover rules, Spotlight and Go Global have until March 5 to make a firm offer for the company.

WH Ireland is acting as the sole financial adviser and broker to French Connection for the formal sale process.

© Thomson Reuters 2021 All rights reserved.