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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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   Will Gordon brothers buy French Connection?

   • However, investment firms Spotlight Brands and Gordon Brothers pulled out of early talks to buy the company. Mr Marks said: "Over the last five years, French Connection has made significant progress in its plans to rationalise the size of its store portfolio and to return the French Connection Group to profitability.

   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

   See all results for this question

   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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3. 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.

4. 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.

5. 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

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7. www.thisismoney.co.uk › money › billsguidesFounder Stephen Marks sells struggling French Connection for ...

   www.thisismoney.co.uk › money › billsguides

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   Oct 5, 2021 · Marks, who founded French Connection in 1972 and is the chairman and chief executive, will sell his 43.6 per cent stake for £12.6million and retire.

8. 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...

9. 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...

10. 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.