French Connection reports loss for fifth year in a row

fcuk

French Connection said underlying operating loss narrowed to £3.7m, for the year ended January 31, from £4.7m a year earlier, reports the Telegraph.

French Connection, which has been under pressure from activist investor Gatemore Capital Management to explore a sale, replace board members and split the role of the CEO and chairman, said revenue fell 6.7 per cent to £153.2m.

Sales at stores open for more than a year in the UK and Europe were up 4.4 per cent. The two regions accounted for more than three quarters of the company’s revenue.

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