Feb 5, 2021

French Connection gets two takeover approaches

Struggling fashion brand French Connection says it has received takeover approaches from two suitors. One comes from Spotlight Brands, which owns Sweaty Betty, and Gordon Brothers International, which recently bought the Laura Ashley brand. The other bid is from Go Global Retail and HMJ International Services. On Thursday, shares in French Connection had jumped by about 40% on speculation it could be a bid target. Responding to the speculation, the retailer confirmed it had received bid approaches, but there was "No certainty that an offer will be made, nor as to the terms on which any offer might be made".

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