Fashion retailer French Connection struggled to grow sales during the Christmas period, hurt by lower demand and a decision to delay the start of its discount sale. Shares in the company fell 14 percent to 24.77 pence on the London Stock Exchange.
Current/Elliott, Joie et Equipment, owner Dutch has sold a 60% stake to American investment fund TA Associates. Last year, the investment fund took a majority stake in other premium brand Zadig & Voltaire.
Britain's JD Sports Fashion said sales at its UK and Ireland sports stores rose over Christmas and it expected full-year group profit at the low end of market expectations after one-off losses at its outdoor business.