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1. news.sky.com › story › french-connection-sold-inFrench Connection sold in deal valuing business at £29m after ...

   news.sky.com › story › french-connection-sold-in

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   Oct 4, 2021 · French Connection said Stephen Marks, who founded the company 49 years ago and remains its top shareholder with a 41.5% stake, would retire from his role as chairman once the sale was completed.

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3. www.standard.co.uk › business › french-connectionFrench Connection sold in £29m deal after years of losses

   www.standard.co.uk › business › french-connection

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   Oct 4, 2021 · Founder Stephen Marks has been looking for a sale for sometime in the face of declining revenues, a trend made only worse by the pandemic.

4. uk.finance.yahoo.com › news › french-connectionFrench Connection trims losses as founder plans retirement

   uk.finance.yahoo.com › news › french-connection

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   Oct 12, 2021 · French Connection revealed narrowing losses as boss Stephen Marks confirmed plans to retire once the takeover of the company is completed. Last week, Mr Marks agreed to the sale of the...

5. www.chargedretail.co.uk › 2021/11/08 › frenchFrench Connection £29m takeover completed as company goes private

   www.chargedretail.co.uk › 2021/11/08 › french

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   Nov 8, 2021 · Stephen Marks, who founded French Connection in 1972, today stood down as chief executive and director, alongside independent non-executive directors Sarah Curran and Neil Page. Marks previously revealed his intention to retire following the sale and the company will now operate as a private company.

6. www.independent.co.uk › business › french-connectionFrench Connection trims losses as founder plans retirement

   www.independent.co.uk › business › french-connection

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   Oct 12, 2021 · French Connection revealed narrowing losses as boss Stephen Marks confirmed plans to retire once the takeover of the company is completed.

   • Author: Henry Saker-Clark

7. www.retailgazette.co.uk › blog › 2021French Connection sold in deal valuing it at £29m - Retail ...

   www.retailgazette.co.uk › blog › 2021

   Oct 4, 2021 · French Connection founder Stephen Marks remains its top shareholder with a 41.5 per cent stake, and was expected to retire from his role as chairman upon sale completion. The retailer...

8. People also ask

   Will Stephen Marks retire from French Connection?

   • It represented a 30% premium to the share price when news of the bid was first revealed last month. French Connection said Stephen Marks, who founded the company 49 years ago and remains its top shareholder with a 41.5% stake, would retire from his role as chairman once the sale was completed.

   French Connection sold in deal valuing business at £29m ... - Sky News

   news.sky.com/story/french-connection-sold-in-deal-valuing-business-at-29m-after-years-of-losses-12425738

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   Why did Stephen Marks sell French Connection?

   • The deal will bring to an end founder Stephen Marks's running of the business which has struggled for profitability and cut its store estate in a bid to save cash for a post-COVID recovery. French Connection has been sold to a consortium including its second-largest shareholder in a deal valuing the fashion chain at £29m.

   French Connection sold in deal valuing business at £29m ... - Sky News

   news.sky.com/story/french-connection-sold-in-deal-valuing-business-at-29m-after-years-of-losses-12425738

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   Who is Stephen Marks?

   • Founder Stephen Marks has been looking for a sale for sometime in the face of declining revenues, a trend made only worse by the pandemic. Today he sold it for 30p a share to fashion industry entrepreneurs Apinder Singh Ghura and Amarjit Singh Grewal, as well as holding company KJR Brothers. Marks, 75, set up the company in 1972.

   French Connection sold in £29m deal after years of losses

   www.standard.co.uk/business/french-connection-sold-fcuk-stephen-marks-nicole-farhi-fashion-b958638.html

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   Who owns French Connection?

   • Ghura owns 25.4% of the company, while Marks owns a 41.5% stake. Marks says French Connection has made progress on the road to profitability. “It was always our intention to look at the most appropriate ownership structure for the business once it was back on track,” he said in the statement.

   French Connection sold in £29m deal after years of losses

   www.standard.co.uk/business/french-connection-sold-fcuk-stephen-marks-nicole-farhi-fashion-b958638.html

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   What happened to French Connection?

   • French Connection - which has 150 stores and concessions globally - began seeking new buyers earlier this year as it struggled to recover from the effects of the COVID-19 pandemic that saw revenue fall by 40% in its last financial year. However, investment firms Spotlight Brands and Gordon Brothers pulled out of early talks to buy the company.

   French Connection sold in deal valuing business at £29m ... - Sky News

   news.sky.com/story/french-connection-sold-in-deal-valuing-business-at-29m-after-years-of-losses-12425738

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   Who owns French Connection & Candice Marks?

   • Nicole Farhi, the fashion designed with whom Marks has a daughter, has a 2% stake. She will back the deal, the statement to the City said. Candice Marks, the daughter, also backs the takeover. FRENCH Connection, the storied UK fashion house that briefly captured the nations hearts, was sold today in a £29 million deal.

   French Connection sold in £29m deal after years of losses

   www.standard.co.uk/business/french-connection-sold-fcuk-stephen-marks-nicole-farhi-fashion-b958638.html

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9. www.theindustry.fashion › french-connectionFrench Connection narrows losses as founder Stephen Marks ...

   www.theindustry.fashion › french-connection

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   Oct 12, 2021 · French Connection revealed narrowing losses as its founder Stephen Marks confirmed plans to retire once a takeover of the company is completed. Last week, Marks agreed to the sale of the fashion business he founded nearly 50 years ago for £29 million to MIP Holdings, which is led by its second largest shareholder, Apinder Singh Ghura.