September 17, 2019 / 6:23 AM / a month ago

French Connection posts smaller loss, expects sale to conclude by year-end

Sept 17 (Reuters) - British clothing retailer French Connection said on Tuesday it expects its sale process to be concluded by the end of the year, and reported a smaller first-half operating loss on growth in its wholesale business in the United States.

French Connection, once known for its provocative FCUK brand of clothes and accessories, said operating loss from continuing operations narrowed to 3.7 million pounds ($4.59 million), compared with 5.5 million pounds a year ago, and added that it was on track to meet full-year expectations. ($1 = 0.8055 pounds) (Reporting by Tanishaa Nadkar in Bengaluru Editing by Saumyadeb Chakrabarty)

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