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.
With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
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.
Looks like the test drive of the Store of the Future fitting room that Farfetch helped dream up for Chanel is proving comfortable, since the house now plans to open three new examples in the first half of the year.