Handbag maker Mulberry rejects takeover bid from Mike Ashley’s Frasers – ET Retail
Representative image 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. Loss-making Mulberry, known for its luxury handbags and belts, on Friday made public plans to raise capital from shareholders. That includes a 10-million-pound proposed…
