Mulberry, Mike Ashley and Frasers
Mulberry to ponder bid from Mike Ashley’s Frasers despite lack of interest from majority shareholder
British retailer Mulberry has announced that it is evaluating Frasers’ second bid for the firm, despite a lack of interest from its majority shareholder, Challice. In light of Frasers’ £111m bid, the luxury brand is “working with advisers to consider the company’s position,
Mulberry shareholder rebuffs Mike Ashley's Frasers Group
Mulberry confirmed yesterday that its largest shareholder Challice, a group controlled by Singaporean entrepreneur Christina Ong and husband Ong Beng Seng, said they did not plan to sell to Frasers. The group is majority shareholder with a roughly 56% stake in the company and would need to vote in favour for any takeover deal to be approved.
Mulberry's owner has 'no interest' in selling to Mike Ashley's Fraser Group
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Mulberry's Majority Shareholder Rejects Sweetened Bid From Frasers Group -- Update
Mulberry Group said its majority shareholder rejected a sweetened offer from Frasers Group to take full ownership of the British luxury brand for 72 million pounds ($94.1 million) that sent shares sharply higher.
UK's Mulberry to evaluate sweetened Frasers' bid
British luxury brand Mulberry said on Monday it is working with advisers to evaluate Frasers' sweetened 111 million pound ($145.1 million) takeover proposal, after its top investor Challice declined to sell shares to the sportswear retailer.
Mulberry’s biggest shareholder has ‘no interest’ in selling to Frasers
The majority shareholder in UK luxury handbag maker Mulberry has told Mike Ashley’s Frasers Group that it is not interested in selling the business, in a clear rejection of its two conditional offers to date.
Frasers’ Mulberry bid rebuffed again
Frasers has once again had a bid to acquire luxury brand Mulberry rebuffed after its majority shareholder, Challice, said it had no plans to sell.
Mulberry says top investor Challice declines to sell shares to suitor Frasers
UK's Mulberry said on Monday its top investor Challice has declined to sell shares in the company to Frasers after the sportswear and apparel retailer last week sweetened takeover bid for the luxury brand.
Blow to Frasers takeover bid as Mulberry's biggest investor refuses to sell
Challice Limited, which owns a 56 per cent stake in Mulberry, declared on Friday that it had 'no interest' in selling its shares in the luxury fashion brand to Frasers.
Mulberry shares soar as Frasers Group revises possible takeover offer
Shares of Mulberry Group (LON:MUL) surged by 12% following a revised possible takeover offer from Frasers Group Plc. The luxury fashion company’s stock jumped after Frasers, which already holds a substantial stake in Mulberry,
Billionaire Mike Ashley’s Frasers Invests $13 Million In Online Retailer THG
Frasers Group has agreed to buy a £10 million stake in THG as part of a fundraising that will enable the online retailer to ...
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Mulberry Turns Down Increased Takeover Offer of Mike Ashley’s Frasers
Mike Ashley’s Frasers Group PLC’s ($GB:FRAS) increased takeover offer to acquire the Mulberry Group ($GB:MUL) has been turned ...
Billionaire Mulberry owner has ‘no interest’ in selling handbag maker to Mike Ashley
The billionaire owners of Mulberry have told Mike Ashley, the Sports Direct tycoon, they have “no interest” in selling the ...
Sports Direct billionaire Mike Ashley confirms major new takeover to add to mega empire
Sports Direct founder Mike Ashley's retail empire already owns a host of retail chains and big brands, but now it is busy ...
Mike Ashley’s Frasers Raises Bid for UK Handbag Maker Mulberry
Mike Ashley’s Frasers Group Plc has made a revised bid to buy the whole of Mulberry Group Plc after the British handbag maker ...
Billionaire family behind Mulberry rejects Mike Ashley’s takeover offer
Mulberry’s billionaire backer has rejected a takeover bid from Mike Ashley’s Frasers Group, warning it undervalues the ...
Mike Ashley took my contract offer off the table at Newcastle and I turned the air blue
Kevin Nolan vowed to prove Mike Ashley wrong after leaving Newcastle United. Nolan had just enjoyed his best ever goal ...
Exeter's Princesshay sold to Sports Direct Mike Ashley's property empire
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Mike Ashley raises Mulberry bid to £111m
Mike Ashley last night raised his bid for Mulberry from £83m to £111m. In its second attempt to buy the troubled fashion ...