Date: October 2021
Buyer: MIP Holdings
Target: French Connection
Business: Fashion clothing, accessories and homeware
Value: Brand is set to be valued at £29m ($39.3m) following the transaction
Details: MIP Holdings, a consortium consisting of UK-based apparel industry entrepreneurs Apinder Singh Ghura and Amarjit Singh Grewal and their holding company KJR Brothers Ltd have successfully made a takeover offer for fashion retailer, French Connection. French Connection have reportedly accepted a 30p-per-share offer from MIP Holdings in a deal which is expected to close later this year. Founder and Chairman, Stephen Mark, will reportedly be stepping down from his role once the transaction completes but will remain the biggest shareholder.