French Connection is in urgent talks with potential funding partners as it battles to stay afloat amid the coronavirus crisis.
The beleaguered fashion retailer and brand warned that without a fresh injection of capital its “cash resources will eventually be eroded in the coming months” should current trading levels continue.
However, French Connection said it was “confident” of raising the funds that would see it through the pandemic.
It added that talks with potential investors were “proceeding well” and insisted the business was “making good progress on due diligence and agreeing terms”.
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