Mulberry rebuffs Sports Direct Ashley’s boardroom bid
Luxury fashion brand Mulberry has rejected a bid from Mike Ashley to join its board of directors, as the former Frasers chief executive continues to hoover up stakes in various retailers.
Frasers Group owns a 26.8% stake in the business, which is ultimately controlled by Malaysian billionaire Ong Ben Seng and his wife. However, over recent weeks, the Sports Direct founder has met with Mulberry’s executive team to get a voice in the boardroom.
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