Chairman of the Board of Directors and Executive Director of French Connection, the British retailer of clothes, Stephen Marks, said last weekend that he wanted to sell his 41.6 percent stake in the company, Sky News reported. Another 27% stake in French Connection is owned by Mike Ashley's Sports Direct International. According to Reuters, French Connection reported on Monday that the sale was possible as part of a review of strategic options. Against the background of this news, the company's shares rose 12.6% to 57.5 pence. In March of this year, French Connection, fixing the loss for 6 years, announced that it could return to profitability, after which it would begin paying dividends.
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