French Connection has begun discussing the sale of the company, with four parties interested.

French Connection are currently weighing up potential options to achieve the best value for its shareholders.

The company announced it had made a pre-tax loss of £15.1 million in the first six months of the year, comparing to a loss of £5.9 million the previous year.

It also said that it was nearing a return to profit after making changes to the business over the last two years.

French Connection have come to an agreement with the Takeover Panel which will see any conversation about the potential sale of the company take place within the context of a formal sale process, which will enable parties interested an offer to remain confidential.