French Connection Group PLC (LSE:FCCN) said on March 2, 2021 that it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers International backed out from making an offer to buy the struggling British fashion retailer after the investment firms approached it in February 2021. The retailer, in two separate statements, said it was beginning a formal sale process and had been approached by three other parties for preliminary talks in addition to a previously announced potential offer from Go Global Retail and HMJ International LLC. WH Ireland Limited is acting as the sole financial adviser and broker to French Connection for the formal sale process.