French Connection reports loss for fifth year running

Struggling fashion chain French Connection has reported a loss for the fifth year running.

Its pre-tax loss increased to £5.3m last year compared with £3.5m in 2015.

The company, which is under pressure from investors to make top level changes, also said revenue fell 6.7% last year to £153.2m.

Last month, major investor Schroders lost patience and sold its chunk, enabling Sports Direct’s Mike Ashley to pick up an 11% stake.

Another major

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