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Mulberry rejects Frasers’ takeover proposal as ‘untenable’

by October 22, 2024
written by October 22, 2024

LONDON (Reuters) – British luxury brand Mulberry on Tuesday rejected a second takeover proposal from Mike Ashley’s Frasers Group, saying the possible offer is “untenable”.

Frasers had on Oct. 11 raised its proposal to 150 pence per Mulberry share, valuing the brand, best known for its handbags, at 111 million pounds ($144 million).

($1 = 0.7689 pounds)

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