Mulberry to ponder bid from Mike Ashley's Frasers
The Financial Times · 5d
Mike Ashley’s Frasers continues spree despite Mulberry handbagging
Although some of Mulberry’s travails can be pinned on a broader slowdown in spending among affluent shoppers, Frasers also believes they are self-inflicted, according to people close to the group. They contend that a combination of chunky price increases and a decision to sell fewer products through wholesalers such as Frasers was to blame, too.
heraldscotland · 2d
Mulberry shareholder rebuffs Mike Ashley's Frasers Group
Mulberry confirmed yesterday that its largest shareholder Challice, a group controlled by Singaporean entrepreneur Christina Ong and husband Ong Beng Seng, said they did not plan to sell to Frasers. The group is majority shareholder with a roughly 56% stake in the company and would need to vote in favour for any takeover deal to be approved.
This is Money · 11d
Mike Ashley bags £4m Mulberry shares as he steps up bid
Frasers Group, Mulberry’s second largest investor, bought £4m of shares in the British fashion house. That took Sports Direct tycoon Ashley’s stake to around 37pc as he mulls a fresh takeover offer for the struggling handbag maker. It came just days after Frasers’ £83m bid to buy Mulberry was fiercely opposed by the board.
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