Mike Ashley Frasers Group has sold its 25% stake stake in French Connection
Share price soared Friday after takeover approaches from investment groups
Spotlight Brands, behind fitness-focused Sweaty Betty, and Laura Ashley owners Gordon Brothers made one of the approaches
Proposals come same week that Asos announced its £330m Topshop takeover
Bohoo has agreed a £55million deal to buy the brand and website of Debenhams