Laurence Kilgannon
Fashion retailer French Connection has started a formal sales process after revealing it has been approached by a number of potential suitors.
Earlier this year, shares in French Connection rose after it revealed it had been approached about a takeover.
The retailer said it had received early offers from Spotlight Brands in conjunction with Gordon Brothers International and a separate move from Go Global Retail in conjunction with HMJ International Services.
Spotlight Brands has now said it does not intend to make an offer, but French Connection revealed it has been approached by and engaged in preliminary conversations with a further three interested parties, in addition to Go Global, concerning proposals which may or may not result in an offer.
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