UK watchdog investigating retailer French Connection's audit

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.

Mazars said it was cooperating fully with the FRC and, respecting client confidentiality and due process, would provide no further comment during the investigation.

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.

($1 = 0.7352 pounds)

(Reporting by Huw Jones; editing by Jason Neely)