French Connection is at risk of running out of cash but doesn't think it will as it's in active funding talks. It's also ready to reopen and has seen "a small increase in activity as Europe" starts to open up.
French Connection’s annual results made bleak reading. The firm reported retail sales down and another big loss, as well as wholesale revenue falling. But at least its performance in North America seems to have improved.
French Connection issued a surprise (and very short) update on Friday detailing the results of its strategic review, and its share price plunged as a result. The reason? It's no longer for sale and trading remains tough.
French Connection’s half-year results showed it “building on good progress” and “on track to meet expectations”, but it's still loss-making. It also said its strategic review would be completed before 2020.