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 fund 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…
Source link : https://www.theguardian.com/business/2024/oct/01/mulberry-rejects-takeover-bid-mike-ashley-frasers-group
Author : Julia Kollewe
Publish date : 2024-10-01 09:23:15
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