My understanding is things at FC are in turmoil in respect of their UK retail divison and another profit warning is expected between end June - end July.
29 Apr '15
I think Marks will sell at the right price (last year I believe this price was valuing the company at £100M, which I still believe stands). I don't believe he will walk away with it in the red. He has many profitable interests FC is now almost something that he has always done rather than being his main focus, in my opinion. He did have a CEO in many years ago but quickly rode him out. Bottom line is he needs to start trading UK retail more agressively in terms of promo stance, options, level of stock, windows, the whole shooting match. If he does not then I can see FC only having a dozen or so UK retail standalone stores in 3 years time. It is that desperate.
29 Apr '15
dalooks1 - Mr Marks
What do you think is going on in Mr. Marks head now? To me, it is clear that he is not the right man to lead the company out of this, he has done great things in the past, however he is past his sell by date with all due respects. Would he ever bring in a new CEO to replace himself or what are the chances of him selling up and spending the rest of his life watching tennis and making movies?
27 Apr '15
Marks, get set, Go!
interesting remarks in the Times on Saturday in the Business Commentary section by Alistair Osborne regarding Mr Marks. "No, the 41.7 per cent shareholder isn't trying to drive the price down so he can buy the business back on the cheap." presumably said tongue-in-cheek, but a tad worrying perhaps since the profit warning has come barely a month after the latest results announcements. Was Easter such a drastic turn-around for the worse to merit this unexpected RNS? Certainly above comments are worth watching closely, especially since the Co. has plenty in the bank and has seriously profitable sections of the company, high-street retail excepted.
24 Apr '15
Spot on. Price is a massive issue. Their UK retail business model is fundamentally flawed, that is the reality. Today was a massive blow. Unforunately the turnaround was based around UK retail and that turnaround has fallen over.
24 Apr '15
I'm sure people stopped wearing French Connection a few years ago, their style seems out dated. I can't remember the last time I saw someone wearing FC clothes. This is a fashion post and not an investment post.
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