Mulberry board backs owner’s decision to reject Frasers takeover bid

Mulberry bag

Mulberry’s board has backed its owner and largest shareholder’s decision to reject a takeover bid by Mike Ashley’s Frasers group calling the offer “untenable”.

Luxury retailer Mulberry’s board has backed its owner Challice to reject a takeover £111m takeover bid by Frasers Group.

 

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