French Connection Is Disconnected

The ScotsmanMarch 19, 2009

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Summary


FASHION chain French Connection has slumped to a GBP 17.4 million annual loss, scrapped its final dividend and given investors no guidance as to when it will return to the black.

While sales in the UK group's home market have held up reasonably well, its Stateside business has felt the full effect of the global downturn.

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Extract


French Connection Is Disconnected

French Connection, famous for its FCUK branded clothing, said it had been forced to slash prices in the US to clear stock...

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