French Connection fashion retailer sold for €25m    

Fashion retailer has accepted a £29m for the high street chain.

A branch of French Connection on Oxford Street, central London.

French Connection has accepted a £29m (€24.7m) takeover approach from a group of bidders that includes the struggling UK fashion retailer’s second-largest shareholder.

Directors of the retailer unanimously recommended the 30-pence-a-share offer from a consortium, which includes Apinder Singh Ghura, Amarjit Singh Grewal and KJR Brothers, the retailer, once best known for its FCUK logo, said.