Despite sales declines, both companies found some traction in the market and gave some hints of better times ahead.
The acquisition has the company squaring off with Coach as both seek to build American powerhouses.
The company is in the fifth year of the program that benefits the United Nations World Food Programme, and so far has delivered over 15 million meals to children in need.
The French company is said to be working with Chinese private equity concern Hony Capital on a bid.
Both brands shot their campaigns in and around the British capital.
The brand is in turnaround mode but has plans to return to revenue growth.
The company said it plans to close between 100 and 125 stores globally over the next two years.