French Connection approached for potential sale by two companies

French Connection has been approached by two separate companies for a potential buyout.

Spotlight Brands and Go Global have been named as the two possible buyers.

The announcement pushed company shares 30 per cent higher on Friday, which puts the retailer’s value at around £20 million, The Guardian reported.

The fashion retailer was in talks with several parties about a formal sale in 2019, but failed to secure a deal.

The clothing brand said that current discussions with both companies were still in the very early stages.

“Accordingly, there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made,” said the retailer.

Further announcements about the potential sale are expected to take place no later than 5th March.

The company said that firm intentions to make an offer for the sale of the business must be made by Spotlight Brands and Go Global by 5th March 2021.

    Share Story:

Recent Stories

Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.
Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.