Shares increased by 15% although company said no guarantee offer would be made by latest bidding consortium
French Connection has revealed that a Newcastle-based businessman is leading a £29m pitch to buy the ailing fashion brand.
Shares in the fashion chain shot up nearly 16% on Thursday to 26.8p, giving it a market value of about £26m, after the company announced in a statement to the stock market that Apinder Singh Ghura had teamed up to make a bid for it with Manchester-based business partner Amarjit Singh Grewal and KJR Brothers Ltd.
