The company is also having to look for a new group finance director after it emerged in July that Adam Castleton will be leaving the role to join LSL Property Services.
Marks said that the current financial year was more positive, with tight control of costs and improved retail trading, especially in recent weeks, of its new Winter 2015 collection. Orders for next spring are solid.
But he warned: “Trading, however is unpredictable, and we are as ever dependent on the Christmas selling period.”
The update caused shares to fall 1.39p, or nearly 5%, to 26.61p.
Sales of French Connection's Winter 2015 Connection have been improving on Spring's numbers
French Connection
Following the results, Cantor Fitzgerald said full-year pre-tax losses would be even deeper than feared — at £4.5 million rather than £3.5 million — and added that it does not expect the company to break even until 2018.
Analyst Andrew Wade at Numis said: “We look for French Connection to resume its journey towards break-even and beyond, a journey which had been progressing solidly over the last two years.
“Although we see substantial brand value, we are neutral for now, awaiting sustained evidence of improved execution.”
