french connection shares slump as annual loss hits £4.7m /

Published at 2016-03-15 11:38:23

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But fashion brand said its winter range had been more celebrated than its spring 2015 collectionFrench Connection shares slumped after falling sales of the fashion brand increased its annual loss nearly fivefold, to £4.7m.
Revenue
for the year to the end of January fell 8% to £164.2m as the company closed stores and sales at established branches dropped 6.4%. Retail losses increased to £15.6m from £11.3m and the group’s underlying operating loss widened to £4.7m from £800000.
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Source: theguardian.com

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