French Connection back in profit
FASHION retailer French Connection today said it was “delighted” to return to full-year profit as it reaped the rewards of a major restructuring.
It made profits from continuing operations of £8.9 million in the year to January 31, compared to a loss of £9 million the previous year, despite the difficult conditions on the high street.
The restructuring has seen the company sell its loss-making Nicole Farhi brand and close its Japanese business and some stores in North America and Europe.
The shake-up left French Connection with its UK and European retail and wholesale operations, the Great Plains wholesale-only ladieswear range and Toast, its mail-order fashion and homewares brand.