// French Connection hires Neil Page as non-executive director
// Page has previously spent over 10 years at Carpetright
French Connection has appointed Neil Page as non-executive director.
Page has previously spent over ten years at Carpetright where he was chief financial officer until 2019.
Prior to Carpetright, he worked as UK finance and IT director at Superdrug owner AS Watson.
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- French Connection launches formal sale process
- Mike Ashley’s Frasers Group offloads French Connection stake
In his new role at French Connection, Page will also be taking up the role of chairman of the audit committee and will be a member of the remuneration committee.
“I am delighted that Neil is joining the board. He has extensive and relevant experience that will be very useful to us in the future as the Group recovers following the pandemic,” French Connection chairman and chief executive, Stephen Marks said.
French Connection said in early March that it is launching a formal sale process after receiving takeover interest, but told investors a suitor from February will not make an offer.
In early February, the fashion retailer said it had received two approaches – one from Gordon Brothers International and Spotlight Brands, and another from Go Global Retail – over a potential takeover.
However, its shares slipped three per cent to 26p after it announced earlier this month that Gordon Brothers and Spotlight would not place a bid.
Moreover, Mike Ashley’s Frasers Group sold its almost-25 per cent stake in French Connection in early February.
Frasers Group – which had been its second-largest shareholder – sold its entire 24.93 per cent stake.
Frasers Group, under its previous title of Sports Direct International, bought the stake in 2017 as part of a growth plan which has seen it since buy stakes in brands including Hugo Boss.
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