Share Prices & Company Research

Market News

08 Feb 2021 | 10:18

Mike Ashley's Frasers Group sells entire French Connection stake

(Sharecast News) - Mike Ashley's Frasers Group has sold its stake in fashion retailer French Connection. According to a regulatory filing on Monday, Frasers Group - formerly Sports Direct - sold its entire 24.93% stake in French Connection on Thursday, a day before the retailer said it was in talks with two potential suitors.

Responding to a jump in its share price on Thursday, the company said it had received an approach from Spotlight in conjunction with Gordon Brothers International, and Go Global Retail in conjunction with HMJ International Services.

Discussions with both parties are still "at a very early stage", it said in the brief statement last week, adding that there can no certainty that an offer will be made, nor as to the terms on which any offer might be made. However, it did say any offer was likely to be in cash.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.