French Affiliation says that it is in talks with four parties about a accessible auction of the company.
The disturbing appearance retailer, best accepted for its FCUK label, appear this ages that Numis, the accumulated broker, had been aing -to-be bidders for the 42 per cent pale in the business captivated by Stephen Marks, the company’s founder.
The admeasurement of the pale agency that any auction would activate a takeover action for the accomplished group.
French Affiliation floated in 1984, but its shares accept alone from a aerial of 484½p in March 2004 as it has collapsed out of favour with shoppers. They bankrupt bygone up about 10 per cent at 58p.
It appear its discussions with abeyant buyers in a banal bazaar account last…
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