Frasers Group, owned by Mike Ashley, proposes £83m takeover of struggling luxury brand Mulberry.

Frasers Group, owned by Mike Ashley, has proposed an £83 million takeover of luxury brand Mulberry, which is struggling financially. Already holding a 37% stake, Frasers offered 130 pence per share amid Mulberry's significant losses—£34.1 million for the year ending March—and an 18% revenue drop over 25 weeks. Concerns about Mulberry's long-term viability have intensified, prompting the emergency share placement to stabilize finances.

September 30, 2024
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