Sep 19, 2017

French Connection sees losses narrow

Losses at French Connection narrowed in the first half of the year as the struggling fashion brand continued to close underperforming stores. In the six months to 31 July, operating losses were £5.7m compared with £7.9m in the same period last year. It also appointed two new independent directors after facing pressure from investors to make top level changes. Stephen Marks, its chairman and chief executive, had been criticised for having too much control over the board. Commenting on the results, Mr Marks said "Significant steps" had been made to return French Connection to profitability in the "Near future".

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