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French Connection Sells for $39.5 Million

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

French Connection agreed to a 29 million pound ($39.5 million) takeover. The one-popular company received the offer last month from a consortium that includes CEO Stephen Marks, who founded the chain in 1972, and Apinder Singh Ghura. As French Connection’s two largest shareholders, respectively, the duo owns about two-thirds of the company, which has been…

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