UK watchdog investigating retailer French Connection's audit

Britain's Financial Reporting Council (FRC) has opened an investigation into the audit of retailer French Connection Group by accountants Mazars, the accounting watchdog said on Wednesday.

The FRC said it was investigating the company's audit for the year that ended January 31, 2020.
"The decision was made at a meeting of the FRC's Conduct Committee on 20 July," it said in a statement.
On Monday, the UK fashion brand known for its "FCUK" branding, said it had agreed to sell itself for 29 million pounds ($39.44 million) after years of losses only made worse during the coronavirus pandemic.