19/10/2021

Tannochbrae

Built Business Tough

French Connection fields takeover approaches

French Link has received two independent takeover methods from possible suitors, sending the having difficulties retailer’s shares a two-thirds higher in early morning investing. 

Retail investor Spotlight Models has approached the firm concerning a takeover bid with backing from restructuring and financial commitment company Gordon Brothers, which purchased the Laura Ashley brand last yr. 

The retailer said it experienced also obtained a independent possible offer you from brand financial commitment system Go Global Retail. 

French Link, which is valued at close to £15m, explained: “Discussions with both equally Highlight and Go Global stay at a pretty early stage. Accordingly, there can be no certainty that an offer you will be built, nor as to the conditions on which any offer you may be built.”

The brand had been having difficulties ahead of the pandemic struck – it has not been lucrative in virtually a 10 years – but rolling lockdowns only added to its woes.