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Irish stores unaffected by French Connection closures

French Connection says no Irish stores are to close under a restructuring plan for the company. T...
Newstalk
Newstalk

13.44 19 Sep 2012


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Irish stores unaffected by Fre...

Irish stores unaffected by French Connection closures

Newstalk
Newstalk

13.44 19 Sep 2012


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French Connection says no Irish stores are to close under a restructuring plan for the company.

The group is to shut loss-making branches after reporting a loss of stg£6.3 (€7.83) million in the 6 months to the end of July.

Like-for-like sales at 70 French Connection stores in Europe fell by just under 10%.

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These are mostly in Ireland and the UK.

But the company says none of the 6 Irish shops will be closed under the scheme.

A spokesperson has told Newstalk that the store closures are just 1 of 5 on-going initiatives to their retail business.

They also say this is a slow progress plan and will take time to implement.

The closures were initially announced 6 months ago.

The clothing group also has outlets in the Middle East, Canada, Australia and the United States.

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