Nicole Farhi in hopes of cost falls
Fashion design house Nicole Farhi aims to manage costs by negotiating with European suppliers and hopes that strong internet trading will offset higher operating costs due to a weaker pound, its managing director said yesterday. The label’s parent company French Connection last week posted a pre-tax loss of £12.8m and said it would close underperforming stores. “We’ve obviously had to look at our cost base right across the group,” said Farhi managing director Niki Scordi.