Mulberry, Frasers
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 balance sheet.
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.
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 value’. A long stalemate would benefit nobody, analysts say.
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 Ashley's group expand further into the luxury sector. Learn more.
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.
Handbag maker Mulberry rejects takeover bid from Mike Ashley's Frasers
Says top investor Challice supports its strategy Says will engage with Frasers on participation in subscription Frasers has until Oct. 28 to make firm offer or walk away Loss-making Mulberry ...
Mulberry Rejects Bid From Frasers, Won’t Withdraw Fundraising Plan
The British luxury brand rejected Frasers Group’s $111 million takeover approach.
Mulberry Wants To Go It Alone As It Rejects Frasers Takeover Bid
Mulberry Group Plc has rejected a takeover approach from Mike Ashley’s Frasers Group Plc and said it’s confident its new CEO can turn around the British handbag maker.
British retailer Mulberry rejects takeover bid from Mike Ashley's Frasers
(Reuters) -British luxury brand Mulberry on Tuesday rejected sportswear retailer Frasers' 83-million-pound ($111 million) takeover proposal, citing the bid did not have the support of majority shareholder Challice.
Mulberry Rejects Frasers' Takeover Offer To Buy Remaining Stake For 130 P/share
Tuesday announced that it has rejected a takeover offer from British retail, sport, and intellectual property company, Frasers Group Plc (FRAS.L), for the remaining stake it does not currently own for 130 pence per share in cash.
Mulberry founder Roger Saul cosies up to LVMH amid bid battle
Roger Saul, who started the firm in 1971 in Somerset, said it would fit more naturally with a European luxury player such as ...
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 ...
The new designer It bags to buy this autumn
Does anything say “hello autumn” quite like a shiny new handbag ...
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 ...
Financial News3d
Frasers Group’s Ambitious Bid for Mulberry Strategic Moves and Market Implications
Get the latest updates on the ongoing saga between Frasers Group and Mulberry. Discover the implications for these luxury ...
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 ...