'Difficult winter' sees French Connection profits dive
Stephen Marks, the chief executive of French Connection, has begun a review of its UK retail operations after the "most difficult" winter season in 40 years saw it post annual profits down by nearly a third.
French Connection will also introduce its own-label homewares products, including bed linen, pillows and vases, in larger stores and online next month.
Pre-tax profits at French Connection, which has operations in countries from Hong Kong to the US, fell by 32 per cent to £5m over the year to 31 January as turnover rose 5 per cent to £215.4m.
Mr Marks, who founded the retailer in 1972, said: "In the most difficult winter season I have seen in all the years I have been in business, our UK retail division has been very disappointing and this has had a significant effect on our results for the year."
Stand by for another DECADE of wet summers, say Met Office meteorologists
'Jail reckless bankers': Report urges the Government to introduce new criminal offence for reckless management
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
World news in pictures
Google challenges US surveillance gagging order
- 4 Uri Geller psychic spy? The spoon-bender's secret life as a Mossad and CIA agent revealed
iJobs Money & Business
£600 - £750 per day: Orgtel: FATCA Project Manager - Banking - London - £600-...
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£55000 - £60000 per annum + Benefits + Pension: Orgtel: Quantitative Analyst, ...
£150 - £250 per day: Orgtel: KYC Analyst - London - Banking - £150-250/day C...