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French Connection Receives Takeover Interest

French Connection Receives Takeover Interest

French Connection Receives Takeover Interest

British clothing retailer French Connection is courting offers for a possible acquisition deal.

The retailer, which is known for its infamous FCUK fashion ad campaign, said it has been approached by Spotlight Brands along with Gordon Brothers International. Go Global Retail has also approached the company in conjunction with HMJ International Services Ltd., Business of Fashion reported.

Under U.K. rules, Spotlight Brands and Go Global Retail have a month to express a firm intention to make an offer.

The company said there have been ongoing talks in the very early stages and no guarantee that an offer would be made. The company’s effort to seek out potential buyers comes after not being profitable for nearly a decade — a contrast to its hay days in the 90s when the brand was a force to be reckoned with in the British fashion landscape.

The company’s shares reportedly closed at 15.7 pence on Thursday, which puts its market valuation at roughly £15 million ($20.5 million).

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