Frasers Group, Mulberry, Business, Retail industry, Fashion, UK news Business | The Guardian
British handbag maker says it is raising cash for turnaround and does not need offer from Sports Direct ownerBusiness live – latest updatesThe British handbag maker Mulberry has rejected an £83m takeover proposal from Mike Ashley’s Frasers Group as too low, insisting instead that it would push on with a planned fundraising to support a turnaround.The luxury brand said it had considered the approach carefully and consulted its 56.1% majority shareholder Challice, controlled by the Singaporean entrepreneur Christina Ong, who had “no interest” in pursuing the possible offer. Continue reading…
British handbag maker says it is raising cash for turnaround and does not need offer from Sports Direct owner
Business live – latest updates
The British handbag maker Mulberry has rejected an £83m takeover proposal from Mike Ashley’s Frasers Group as too low, insisting instead that it would push on with a planned fundraising to support a turnaround.
The luxury brand said it had considered the approach carefully and consulted its 56.1% majority shareholder Challice, controlled by the Singaporean entrepreneur Christina Ong, who had “no interest” in pursuing the possible offer.
