City Chic Collective (ASX:CCX) confirms offshore interest in North American business

City Chic Collective confirmed that offshore buyers are interested in its North American business.

Responding to local media reports, the women's specialty plus-size fashion retailer said it engages in regular exploratory discussions with various parties to explore initiatives benefiting shareholders.

City Chic also logged global sales revenue of $105.8 million for the first half of FY24, down 29% compared to the same period in the previous year.

An underlying EBITDA loss of between $7 million and $10 million is expected for H1 FY24, while inventory is projected to be at $39.5 million. Net cash position at the end of 2023 stood at $3.5 million.