Mulberry’s majority owner rebuffs £111m takeover by Frasers Group
Mulberry’s majority shareholder said it ‘has no interest’ in selling its stake in the business to the Sports Direct owner.
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Mulberry said its largest shareholder has rejected a fresh takeover approach from Mike Ashley’s Frasers Group for the luxury handbag maker.
The London-listed fashion firm told shareholders on Monday morning it is working with advisers from Houlihan to consider its position.
It added that a further announcement will be made in due course.
On Friday, Sports Direct owner Frasers Group tabled a sweetened £111 million approach to buy Mulberry.
