Bloomberg - Mar 15, 2010French Connection Group plc (FCCN)
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Nicholas Coulter
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Numis SecuritiesThe Nicole Farhi label was founded by the designer and Marks in 1982.
French Connection, which has seen sales of its FCUK clothing range struggle in the recession, aims to focus on its U. K and Irish stores, while selling its brands under licence in other regions.
"The U. S rationalization costs and Nicole Farhi disposal costs will pay back in about one year, leaving a profitable ongoing business," wrote Nick Coulter , an analyst with Numis Securities, who has a "hold" recommendation on the shares. "The smaller group will focus on retailing and wholesaling into the U. K and U. S markets.".
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The Nicole Farhi label was founded by the designer and Marks in 1982. <span class="company">French Connection</span>, which has seen sales of its FCUK clothing range struggle in the recession, aims to focus on its U. K and Irish stores, while selling its brands under licence in other regions.<span class="sent"> "The U. S rationalization costs and Nicole Farhi disposal costs will pay back in about one year, leaving a profitable ongoing business," wrote <span class="analyst">Nick Coulter</span> , an analyst with Numis Securities, who has a "hold" recommendation on the shares.</span> "The smaller group will focus on retailing and wholesaling into the U. K and U. S markets.".
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