25th Oct 2016 05:41
LONDON (Alliance News) - The founder of French Connection Group PLC has denied reports the fashion retailer has attracted interest from potential bidders, Reuters reported.
A Daily Telegraph report on Saturday said French Connection had hired investment bank Moelis & Co to advise it, after potential buyers had started circling the company. The buyers, the Telegraph claimed, included a mix of European and US private equity firms.
But Stephen Marks, French Connection's executive chairman, denied the report. "There's no comment as there's no story," he told Reuters.
French Connection shares closed up 15% on Monday after the report.
http://www.reuters.com/article/us-french-connectn-m-a-idUSKCN12O1B1
By Sam Unsted; [email protected]; @SamUAtAlliance
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