Mulberry's owner has rejected an increased bid from Frasers Group

Gold Mulberry handbag

Source: Mulberrry

The owner of luxury fashion brand Mulberry has rejected a revised bid from Frasers Group and said it has “no interest” in selling its shares to the retailer.

This comes as Frasers Group outlined a revised offer for the luxury group on Friday which valued Mulberry at £111m and with shareholders being offered 150p per share in cash.

 

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