French Connection drops plans to sell company as it focuses on turnaround
Share:
(Reuters) - French Connection Group Plc said on Friday it had dropped plans to sell the company after completing a review and will now focus on a turnaround by growing its wholesale business in the United States and investing in its online platform.The retailer, whose brands include its namesake French Connection, Great Plains and YMC, has struggled to differentiate itself from rivals such as Inditex's Zara, which offers a greater variety of clothes at cheaper prices.French Connection's shares..