Published by maria gbaf
Posted on October 26, 2021
1 min readLast updated: January 29, 2026
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Go Global Retail opts out of acquiring French Connection after a UK panel's ultimatum. The fashion brand had agreed to a sale for 29 million pounds.
(Reuters) – Go Global Retail LLC said on Monday it does not plan to make an offer for the fashion brand French Connection Group after the UK takeover panel asked the company earlier this month to make a firm offer or walk away.
London-listed French Connection agreed to sell itself in September for 29 million pounds ($39.88 million) after years of losses that were only made worse by the pandemic.
($1 = 0.7272 pounds)
(Reporting by Priyanshi Mandhan in Bengaluru)
The main topic is Go Global Retail's decision not to make an offer for the French Connection Group after a UK panel's ultimatum.
French Connection agreed to a sale due to years of losses exacerbated by the pandemic.
French Connection agreed to sell itself for 29 million pounds.
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