Mulberry, Frasers
Mulberry Rejects Bid From Frasers, Won’t Withdraw Fundraising Plan
British luxury brand Mulberry Group rejected Frasers Group’s 83 million pound ($111 million) takeover approach and said it didn’t plan to withdraw its recent fundraising plan.Mulberry said Tuesday that it had the backing of majority shareholder Challice,
Frasers Group Targets Mulberry In $111 Million Bid After Sales Warning
U.K. retail empire Frasers Group has made a non-binding bid for British luxury handbag maker Mulberry after the company announced a capital raise following poor sales.
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.
Handbag maker Mulberry rejects takeover bid from Mike Ashley's Frasers
By Yadarisa Shabong (Reuters) -British luxury brand Mulberry rejected retailer Frasers' 83-million-pound ($111 million) takeover proposal on Tuesday, saying its majority shareholder did not support the bid and that it undervalued the company.
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.
Mike Ashley's Frasers Group makes offer for Mulberry
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.
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 struggling luxury brand Mulberry , saying it wants to avoid "another Debenhams situation".
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 billionaire Ong Beng Seng and his wife Christina.
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.
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.
Inside Frasers Group’s battle to take over Mulberry
Things are getting fiesty in the Mulberry boardroom after shareholder Frasers Group launched a takeover bid in order to ...
Companies2d
Explainer: Will Mulberry regret rejecting Frasers’ buyout offer?
Frasers Group hoped to take Mulberry back to profitability if its offer to acquire the brand had been accepted. Credit: ...
Financial News1d
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 subscribes for GBP4 million worth of shares in Mulberry
The Mulberry fundraise included a subscription of 10.0 million shares by Challice, raising GBP10.0 million. There is also a retail offer worth GBP750,000.
GlobalData on MSN2d
Frasers proposes to acquire luxury handbag brand Mulberry for £83m
UK-based retail brand owner Frasers Group has made a potential £83m ($111m) offer to acquire luxury handbag manufacturer ...
Frasers Group makes £83mn offer for Mulberry
Mike Ashley’s Frasers Group has made a conditional offer for Mulberry, valuing the UK luxury brand at £83mn, after a “wholly ...