Mulberry: Mike Ashley's Frasers Group makes bid for handbag maker
Source: BBC
Luxury handbag maker Mulberry has received a takeover approach from Mike Ashley's Frasers Group.The offer values Mulberry, which has seen sales fall sharply following a downturn in the luxury sector, at £83m.Frasers Group, which owns several chains including Sports Direct, Flannels and Evans Cycles, already holds a 37% stake in the firm.Its takeover move followed an announcement by Mulberry on Friday that it was…
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