Ashley eyes up Mulberry in the hunt for his latest accessory

Ashley eyes up Mulberry in the hunt for his latest accessory

Mike Ashley’s Fraser Group plc is contemplating acquiring Mulberry Group plc, after Fraser Group upped its stake in Mulberry to 36.8%.

Fraser Group has been purchasing shares in the luxury handbag designers since February 2020. The company doubled its stake to 29% last month, sparking speculation that Mulberry would be the latest retailer added to Ashley’s roster. On 19 November 2020, Fraser Group announced that following its latest purchase of Mulberry shares at 150 pence each from Icelandic bank, Kaupthing ehf, it now held a 36.8% interest in the ordinary shares and voting rights of Mulberry.

Usually, a stake of more than 30% would trigger a mandatory offer to be made by the acquiring company for the entire share capital of the target company under the

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