French Connection has received two separate takeover techniques from probable suitors, sending the having difficulties retailer’s shares a two-thirds increased in morning trading.
Retail investor Spotlight Models has approached the corporation regarding a takeover bid with backing from restructuring and investment decision firm Gordon Brothers, which purchased the Laura Ashley model last yr.
The retailer said it experienced also obtained a separate probable offer you from model investment decision platform Go World-wide Retail.
French Connection, which is valued at all around £15m, mentioned: “Discussions with both of those Spotlight and Go World-wide remain at a pretty early stage. Accordingly, there can be no certainty that an offer you will be made, nor as to the conditions on which any offer you might be made.”
The brand had been having difficulties right before the pandemic struck – it has not been rewarding in almost a ten years – but rolling lockdowns only additional to its woes.