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1. • • 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.
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     French Connection narrows losses as founder Stephen Marks ...

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   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 owns French Connection?

   • Ghura, a longtime supplier to the apparel industry and more recently an investor, owns 25.4% of the company, while Marks owns a 41.5% stake, according to Refinitiv Eikon. The offer of 30 pence per French Connection share represents a 30% premium to the stock price before the company revealed the bid last month. read more

   French Connection agrees $40 mln sale; chairman to retire

   www.reuters.com/business/retail-consumer/french-connection-agrees-40-mln-sale-chairman-retire-2021-10-04/

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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 is Stephen Marks?

   • Stephen Anthony Solomon Marks was born in Harrow, north London, the son of Jewish hairdressers and went to the local secondary modern school. He was a promising tennis player as a teenager, playing at Fred Perry 's old club Herga and winning a junior prize at Wimbledon.

   Stephen Marks - Wikipedia

   en.wikipedia.org/wiki/Stephen_Marks

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   How much did French Connection sell for?

   • French Connection , the provocative UK fashion brand known for its "FCUK" branding, said on Monday it has agreed to sell itself for 29 million pounds ($39.3 million) after years of losses only made worse during the coronavirus pandemic.

   French Connection agrees $40 mln sale; chairman to retire

   www.reuters.com/business/retail-consumer/french-connection-agrees-40-mln-sale-chairman-retire-2021-10-04/

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3. en.wikipedia.org › wiki › Stephen_MarksStephen Marks - Wikipedia

   en.wikipedia.org › wiki › Stephen_Marks

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   Marks regained directorial control of French Connection in 1991, changing its image with the 'fcuk' advertising campaign. Today the brand operates in 30 countries and Marks' other business interests via French Connection include the clothing and clothing/homewear brands Great Plains and Toast.

4. 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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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. Last week, Mr Marks agreed to the sale of the...

   • Author: Henry Saker-Clark

7. 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.

8. wwd.com › business-news › mergers-acquisitionsFrench Connection Sold for 29 Million Pounds - WWD

   wwd.com › business-news › mergers-acquisitions

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   Oct 4, 2021 · “When the acquisition completes, Stephen Marks will retire from French Connection, a business he founded in 1972,” the company added.

   • Author: Tianwei Zhang

9. 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.

10. www.reuters.com › business › retail-consumerFrench Connection agrees $40 mln sale; chairman to retire

    www.reuters.com › business › retail-consumer

    Oct 4, 2021 · Stephen Marks, who founded the company nearly 50 years ago and remains its top shareholder, will retire from his role as chairman once the sale is complete, French Connection said.