Mike Ashley bags £4m Mulberry shares
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 37 per cent 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.
Mulberry rejects £83mn takeover bid from Mike Ashley’s Frasers
Frasers’ possible bid for the shares it does not own would need the Ong’s blessing. On Monday, Frasers claimed it was blindsided by Mulberry’s rights offer, announced after the market closed on Friday, and said it believed Frasers was “the best steward” to return the leather goods maker to profitability.
How Mulberry went from British fashion powerhouse to Mike Ashley prey
When Mulberry released a handbag named after the model Alexa Chung, it became the must-have accessory for “it” girls and was credited with helping the luxury fashion brand emerge from the global financial crisis.
Mulberry rejects Mike Ashley's takeover bid
The luxury brand, which is battling a global slump in demand for goods such as handbags with large price tags, says the proposal undervalues its prospects.
Mulberry rejects £83m takeover bid from Mike Ashley’s Frasers
Mulberry, renowned for its leather handbags, said on Tuesday that the board and its long-term majority shareholder, the Singapore-based Ong family that holds a 56 per cent stake, believed it could turn itself round after appointing new chief executive Andrea Baldo in July.
Mike Ashley's Frasers to buy about 4 million Mulberry shares
(Reuters) -British sportswear and apparel retailer Frasers said on Friday it would buy about 4 million shares in Mulberry at 100 pence each, days after its takeover proposal was rejected by the luxury brand.
Frasers Group to Subscribe 40% of Mulberry's Rights Issue
Frasers Group applied to subscribe for almost 40% of Mulberry Group's ordinary shares issued as part of a share subscription and retail offer. Mulberry plans to raise more than 10.75 million pounds ($14.
Mulberry rejects £83 million takeover offer from Fraser Group
Fraser made its surprise move after Mulberry unveiled an emergency £10.75 million share placing to shore up its battered ...
Tycoon Mike Ashley moves to seize luxury brand Mulberry with £83million offer
MULBERRY faces a handbagging from Mike Ashley after the tycoon launched an £83million offer and declared the luxury brand’s “status quo is an untenable position”. Mr Ashley’s Frasers Group, which ...
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Mulberry has rebuffed Frasers Group’s takeover bid. What’s next?
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Handbags at dawn: Ashley knocked back by Singapore billionaires in battle for Mulberry
Tracksuit tycoon Ashley (pictured) this week launched a bid to buy the whole company in a deal that would value it at £83m.
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Frasers group launches £83m takeover bid for mulberry amid financial struggles
Frasers Group offers £83m for luxury brand Mulberry after a surprise rights issue. The proposed takeover could see Mike ...
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Frasers Group’s Ambitious Bid for Mulberry Strategic Moves and Market Implications
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Mulberry rejects takeover bid from Mike Ashley's Frasers
UK luxury brand Mulberry has today rejected retailer Frasers' £83m takeover proposal, saying its majority shareholder did ...