French Connection slumps into red

FCUK
FCUK

Fashion retailer French Connection has slumped to a £6.3 million half-year loss as it warned shareholders its recovery "is likely to take some time".

The group vowed to improve ranges, sharpen prices and close loss-making stores following a review of its UK retail business, which suffered a 9.5% fall in sales and weakened margins amid heavy discounting.%VIRTUAL-SkimlinksPromo%