LONDON — A draconian restructuring program involving store closures, disposals, and an overall tightening of operations has begun to pay off for French Connection Group plc.
Profits at the fashion brand, which began cleaning house in 2009, soared to 7.1 million pounds, or $11 million, from 500,000 pounds, or $775,000, in the fiscal year ended Jan. 31. The increase was due to more full-price sales, increased gross margin, and growth in income from licensing deals and joint venture operations in Asia.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)