Frasers ups stake in Mulberry following rejected bid

Frasers Glasgow

Source: Frasers Group

Frasers Group has increased its stake in luxury retailer Mulberry, following the rejection of a takeover offer.

Frasers, controlled by tycoon Mike Ashley, has increased its holding in Mulberry after buying another tranche of shares through a “clawback” arrangement for big shareholders.

 

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