|
|
Article: French Connection revamps after posting first-half loss. (apparel manufacturer)
- Article from:
- WWD
- Article date:
- January 3, 1990
- Author:
CopyrightCOPYRIGHT 1990 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)
|
FRENCH CONNECTION REVAMPS AFTER POSTING FIRST-HALF LOSS
LONDON (FNS) -- French Connection PLC, parent company of Nicole Farhi and Best of All Clothing in the United States, has announced a restructuring program after plunging into the red in the first half.
The company reported an aftertax loss of 2.58 million pounds ($4.16 million) on sales of 26.69 million pounds ($42.98 million) for the six months ended last July 31. This compares with aftertax profits of 532,000 pounds on sales of 29.34 million pounds a year earlier.
Losses per share totaled 15.6 pence (25.12 cents) compared with earnings per share of 3.3 pence a year earlier.
Stephen ...