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Two non-execs axed as French Connection stems losses

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French Connection has managed to stem the tide of financial losses over the first half of the year as it moved to axe widely criticised non-executives. In the six months to the end of July, the embattled fashion retailer saw pre-tax losses drop to £5.7 million, a marked improvement on the £7.9 million a year prior. It also closed the shutters on seven of its stores during the period, consolidating its selling space and reducing overheads by nearly 10 per cent

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Two non-execs axed as French Connection stems losses

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