In a notable move within the luxury sector, Mike Ashley’s Frasers Group has decided to withdraw its bid to acquire Mulberry Group Plc, a British handbag manufacturer. This decision comes after Mulberry rejected Frasers’ latest offer of 150 pence per share, which is a step up from their initial bid of 130 pence. The refusal […]
Mike Ashley’s Frasers Group Makes £83 Million Offer for Handbag Maker Mulberry
In a noteworthy development in the luxury retail sector, Mike Ashley’s Frasers Group has made a significant move by proposing an £83 million bid to acquire the British handbag maker Mulberry. This offer comes amid pressing concerns surrounding the financial stability of the luxury brand, particularly following its announcement of a £10.75 million emergency share […]