French Connection has posted a pre-tax loss of just over £15 million for the six months to July 31st, which is £9.2 million greater than for the same period last year. Like for like sales had dropped by 7 per cent but wholesale revenues had risen by 6.2 per cent.
Chairman & CEO Stephen Marks commented: “I am pleased that the changes we have made around the business over the last couple of years continue to move us forward. There is no doubt that progress has not been helped by the trading conditions in which we operate in the UK, although we can take great confidence from the performance of the wholesale business and the stability of the licence income.”
He added: “We remain on target to return the business to profitability this year and we will be doing everything we can to ensure that happens.”
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