UPDATE 1-French Connection posts smaller loss, sees company sale by year-end [Reuters]
Nordstrom, Inc. (JWN)
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Source: Reuters
UPDATE 1-French Connection posts smaller loss, sees company sale by year-end - Reuters 2 Min Read (Adds details on strategic review, results and background) Sept 17 (Reuters) - French Connection said on Tuesday it expects the sale process of the British clothing retailer to be completed by the end of the year, and reported a smaller first-half operating loss on growth in its wholesale business in the United States. French Connection, once known for its provocative FCUK brand of clothes and accessories, said its operating loss from continuing operations narrowed to 3.7 million pounds ($4.59 million), compared with 5.5 million pounds a year ago, and added that it was on track to meet full-year expectations. The company had earlier expected the strategic review and formal sale process to conclude during the first half of 2019, but later delayed the process by three months until Sept. 17. “Discussions are still ongoing with a number of parties,” the company said in a statement. The retail
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- 11/26/24 - Beat
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- 12/20/24 - Form 4
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- 12/20/24 - Form 4
- JWN's page on the SEC website