Thu 10/07/2021 11:52 AM
Funds Aurelius and Gordon Brothers have agreed to provide a £25 million loan to support MIP Holdings’ planned acquisition of U.K. fashion retail group French Connection, sources told Reorg. The facility is aimed at implementing French Connection’s turnaround strategy and repaying its existing debt, sources said.
On Monday, Oct. 4, French Connection said it has agreed to sell the company for £29 million to MIP Holdings, a newly incorporated company directly owned
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