June 23, 2024

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Passion For Business

French Connection fields takeover approaches

French Link has received two independent takeover techniques from opportunity suitors, sending the battling retailer’s shares a two-thirds larger in early morning investing. 

Retail investor Spotlight Makes has approached the firm with regards to a takeover bid with backing from restructuring and investment decision business Gordon Brothers, which purchased the Laura Ashley model final yr. 

The retailer said it had also been given a independent opportunity provide from model investment decision system Go International Retail. 

French Link, which is valued at close to £15m, said: “Conversations with both equally Spotlight and Go International stay at a incredibly early stage. Accordingly, there can be no certainty that an provide will be made, nor as to the phrases on which any provide could be made.”

The brand had been battling ahead of the pandemic struck – it has not been financially rewarding in practically a decade – but rolling lockdowns only extra to its woes.