french connection narrows h1 losses

French Connection narrows H1 losses

Sumary of French Connection narrows H1 losses:

  • French Connection’s composite gross margin dropped to 31.6 percent compared to 42.7 percent two years ago, due to the mix shift towards lower margin wholesale channel and the level of fixed product development and logistic costs on the lower overall volumes.
  • Signs of recovery at French Connection Chairman and chief executive Stephen Marks said he was “pleased that the improvement in business we saw in the early part of the period has continued throughout the first half of the financial year”.

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