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.
Mike Ashley's Frasers Group makes £83m bid for struggling luxury brand Mulberry
The Somerset fashion brand has been hit hard by a downturn in the luxury sector and warned late last week that it would need to raise cash amid concerns about its long-term future
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.
Mike Ashley's Frasers makes offer to buy struggling Mulberry
Frasers has made an £83million offer to buy struggling luxury brand Mulberry after the group went cap in hand to investors to raise cash last week.
Mulberry rejects £83m takeover bid from Mike Ashley's Frasers Group
Luxury handbag maker Mulberry has rejected an £83m takeover approach from Mike Ashley’s Frasers Group. The struggling Somerset-headquartered fashion brand said it believed the possible offer from Frasers, which was revealed on Monday, “does not recognise the company’s substantial future potential value”.
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 £83m Frasers Group takeover bid saying it undervalues business
Mulberry said it had discussed the approach with its majority shareholder, Singapore-based Challice, which is controlled by ...
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?
The struggling British handbag company says the proposed offer ‘does not recognise the company’s substantial future potential ...
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Inside Frasers Group’s battle to take over Mulberry
Mulberry has been hit by a slowdown in the luxury market that is suffering from both a consumer downturn and the removal of tax free shopping in the UK. GlobalData apparel analyst Alice Price says ...
UK's Frasers proposes Mulberry takeover to avoid 'another Debenhams'
British sportswear and apparel retailer Frasers has proposed a possible 83 million pound ($111 million) takeover of ...
Mike Ashley's Frasers Group makes £83m bid for Mulberry, citing exclusion from £10m capital raise
The retail giant, which is owned by billionaire Mike Ashley, has offered £83m for the rest of Mulberry and has launched a ...