Frasers pulls plug on Mulberry takeover bid over governance concerns
Frasers has announced that it does not intend to make a revised offer for taking over Mulberry, citing increasing governance issues and the “apparent lack of a commercial plan against a backdrop of increasing market headwinds”.
Frasers said it does not intend to make an offer for Mulberry after its revised takeover bid of £111m was rejected by the luxury fashion retailer.
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