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French Connection Group (FCCN)

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French Connection pushes back sale deadline amid ongoing talks

28 Jun 19

LONDON (ShareCast) - (Sharecast News) - Fashion retailer French Connection said the deadline for completion of its strategic review and formal sale process has been extended until its interim results in September, amid ongoing discussions with a number of interested parties.
The company confirmed back in October 2018 that it had begun preliminary discussions about a sale with four interested parties and on Friday, it said that "discussions have progressed since then". At the time of the update last year, the group said it expected the strategic review and the sale to conclude in the first half of 2019.

"Notwithstanding the extension of the strategic review and formal sale process, the board continues to believe that French Connection can deliver long-term growth and remains focused on building on the momentum achieved last year and driving the business forward."

French Connection's interim results are due on 17 September.

Independent retail analyst Nick Bubb pointed out: "We are not told why things have taken so long or what the options are or whether Sports Direct is still interested or what recent trading has been like."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 21.50p
Change Today 0.000p
52 Week High 47.40p
52 Week Low 19.95p
Volume 88
Shares Issued 96.61m
Market Cap 20.77m


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