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Go Global Retail does not plan to make an offer for UK’s French Connection Group

Published by maria gbaf

Posted on October 26, 2021

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(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)

(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)

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