French 関係 agrees $40 mln sale; chairman to retire
Oct 4 (Reuters) - French 関係, the 挑発的な UK fashion brand known for its "FCUK" branding, said on Monday it has agreed to sell itself for 29 million 続けざまに猛撃するs ($39.3 million) after years of losses only made worse during the coronavirus pandemic.
The 買い手 group 構成するs UK-based apparel 産業 entrepreneurs Apinder Singh Ghura and Amarjit Singh Grewal, 同様に as 持つ／拘留するing company KJR Brothers Ltd.
Stephen 示すs, who 設立するd the company nearly 50 years ago and remains its 最高の，を越す 株主, will retire from his 役割 as chairman once the sale is 完全にする, French 関係 said.
Ghura, a longtime 供給者 to the apparel 産業 and more recently an 投資家, owns 25.4% of the company, while 示すs owns a 41.5% 火刑／賭ける, によれば Refinitiv Eikon.
The 申し込む／申し出 of 30 pence per French 関係 株 代表するs a 30% 賞与金 to the 在庫／株 price before the company 明らかにする／漏らすd the 企て，努力，提案 last month.
The 取引，協定 comes after French 関係 began 捜し出すing new suitors earlier this year after 投資 会社／堅いs スポットライト Brands and Gordon Brothers pulled out of 早期に 会談 to buy the company. ($1 = 0.7383 続けざまに猛撃するs) (報告（する）／憶測ing by Sachin Ravikumar in Bengaluru; Editing by Krishna Chandra Eluri)
