Icelandic group snaps up more shares at French Connection
Baugur has raised its stake in French Connection to 13.7 per cent.

The company has been amassing shares in the troubled fashion retailer in the past week and following this week's results announcement at French Connection its stake had reached almost 10 per cent.

Rumours are rife that the acquisitive Icelandic group is ready to make a bid for French Connection but chairman and chief executive Stephen Marks still holds a 42 per cent share of the business and his co-operation would be vital to any deal.

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