Summary
FRENCH Connection gave warning yesterday that the tougher high street conditions facing retailers would hamper a business revival in 2008, as the troubled fashion retailer posted a 22 per cent profits fall for last year.
The group, best-known for its controversial FCUK branding, said its performance was "clearly not good enough" after pre-tax profits fell to GBP 3.1 million in 2007 from GBP 4min 2006. Turnover also dropped, from GBP 241.3m to GBP 236.1m, while the full-year dividend remained at 5p.See the full content of this document
Extract
French Connection's 'Difficult' Year
Stephen Marks, the group chairman, said yesterday: "The continuing dif...
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