French Connection Has Become A Buyer'S Target This Year.

Britain

French Connection Group PLC (FCCN.L), a retailer, has now expressed interest in buying since it became a takeover target earlier this year.

Citing the news that many European and US retail investment companies and private equity funds are interested in purchasing French Connection Group PLC, the US investment manager Neuberger Berman has begun to contact, and his company has acquired British shirt brand Ben Sherman, Italy and early this year.

Brand Bruno Magli's parent company Marquee Brands.

In addition, no fashion Chinese network (micro signal: nofashioncn) has previously reported a company specializing in saving the business in the United Kingdom -- Rutland Partners LP, from 1 and February this year, began joint retail consulting company Quarto Advisors Ltd. research to buy French Connection Group PLC at 40 million pounds, when the stock price of the group was at 40 pence level, and the progress of this potential paction is unknown.

It is reported that after many potential buyers contacted, French Connection Group PLC is seeking the proposal of boutique investment bank Moelis & Co., while market speculation is also heating up that the Group founder Stephen Marks is willing to sell.

One source pointed out that the bid price of Stephen Marks may be close to one hundred million, which is not unreasonable for a brand that has been established for 44 years and has a mature retail network and wholesale customers. However, even if French Connection Group PLC (FCCN.L) was benefited from the paction rumors on Monday 24, the share price of the group rose 14.5% to 37.50 pence, and the market value of the group was only slightly higher than 36 million pounds.

Previous sources said it was difficult to get any price above 40 pence per share based on the group's performance.

Another source pointed out that the value of French Connection Group PLC was seriously underestimated, and there was no active trading negotiations at present.

Stephen Marks, who controls the shares of French Connection Group PLC 41.65%, accepted Reuters's visit and said, "this is nothing, so there is no comment."

However, Liad Meidar, who owns 8% of the group and publicly criticized the group's Gatemore Capital Management LLC management partners in July this year, supported Liad's potential sale potential, which is in line with the management of the fund reform group.

Gatemore Capital Management LLC's previous requests include Stephen Marks, to take responsibility for the recession of the group in the past 10 years and to step down, to replace two non-executive directors who have been in office for 9 years, Dean Murray and Claire Kent, and to abolish the "coarse" brand logo "FCUK" which has been used since 90s.

At that time, Gatemore Capital Management LLC also asked French Connection Group PLC to accelerate the closing speed and reduce the product line, and expressed the belief that the group could rely on its high-end.

And furniture brand Toast and young trend brand YMC to promote growth. It is estimated that if the profit and loss balance is achieved next year and the profit margin is raised to the industry level, its share price will reach 150 pence per share by the end of 2017.

French Connection Group PLC (FCCN.L) 500 pence historical high was created in 2004.

In the first half of July 31st, the income of French Connection Group PLC declined 8.7% to 69 million 200 thousand pounds, while the pre tax deficit still maintained 7 million 900 thousand pounds a year ago.

The group emphasized that sales in the UK and European markets resumed growth (6.5%), which accounted for 78% of revenue, while weak wholesale and authorized businesses (down 16.9% and 20% respectively) were expected to recover in the second half.

Stephen Marks expressed disappointment at its interim results in its earnings report. Gatemore Capital Management LLC has arranged a meeting with French Connection Group PLC management after the announcement of its performance, but Stephen did not attend.

Neil Saunders, founder of Conlumino, a retail consultant, points out that private Holdings Company are very suitable for French Connection Group PLC, because private placement will push the latter to restructure to squeeze profits.