FJ Benjamin losses have narrowed in the last quarter.

The Singapore-listed fashion retailer has revealed a first quarter loss to September 30 of S$942,000, a substantial improvement on the $3.6 million of a year ago.

FJ Benjamin is the local representative of brands including Banana Republic, Celine, Gap, Givenchy, Guess, La Senza, Loewe, Marc Jacobs, Rebecca Minkoff and Tom Ford in fashion, plus lifestyle brands Babyzen and Sheridan, and watch brands Frederique Constant, Nautica, Swarovski and Victorinox Swiss Army.

The company is planning a rights cum warrants issue to raise up to $39 million (US$28.6 million). It aims to raise about $12 million through the issue of 341.2 million new shares plus a warrants issue which could raise another $27 million.