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Article: FRENCH CONNECTION PROFITS CLIMB 28.4% IN YEAR: COMPANY EXPERIENCED GAINS IN BOTH FRENCH CONNECTION, NICOLE FARHI BRANDS.
- Article from:
- Daily News Record
- Article date:
- April 5, 1999
- Author:
CopyrightCOPYRIGHT 1999 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON -- French Connection PLC, the men's and women's wear company, reported a 28.4 percent increase in after-tax profits to $11.1 million (6.893 million pounds) on a 25.2 percent rise in sales to $189.5 million (117.283 million pounds) for the year ending Jan. 31. This compares with after-tax profits of $8.7 million (5.366 million pounds) on sales of $151.4 million (93.666 million pounds) in the previous year.
The increases were driven by strong growth in both the French Connection and Nicole Farhi brands in retailing, wholesaling and franchising, said Stephen Marks, the company's chief executive. Both brands introduced new product categories during the ...