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No let-up in losses forecast for French Connection

French Connection is expected to reveal its ninth consecutive year of losses when it reports on Tuesday.

There has been little improvement on last year’s loss of £3.5m, The Sunday Telegraph reported. Sales are predicted to have fallen by about 5.6% to £155m.

Analysts have also forecast that French Connection’s cash reserves will have shrunk further, despite its shop-closure programme.

The newspaper reported that the retailer has renegotiated the rent agreement on its Oxford Street flagship store with its landlord, Selfridges, and reduced its payments.

Activist investor Gatemore has been urging the company to offload the flagship.

Last month, Sports Direct has bought an 11% stake in French Connection.

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