By John Smith • Published: 31 Jan 2020 • 11:35
The flagship store in London Credit: Andrew Meredith CC
FOLLOWING ongoing losses, UK clothing store French Connection put itself up for sale over a year ago but had no buyers lined up.
Having reviewed strategy which will see cost cutting, disposal of some stores and an increase in investment on its online business, it has now announced that it is no longer for sale.
It believes that losses to the end of 2019 will be between £1 (€1.15) million and £2 (€2.3) million which compares favourably against 2018 losses of £9.3 (€10.7) million.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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