Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry
by Sarah Butler from World news | The Guardian on (#6R3YF)
Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm
Mike Ashley's Frasers Group has filed a possible 83m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker.
Frasers - the owner of Sports Direct, Evans Cycles, the House of Fraser department store, luxury streetwear chain Flannels and multiple brands from Slazenger to Jack Wills - already owns a 37% stake.
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