Mulberry Turns Down Increased Takeover Offer of Mike Ashley

Oct 14, 2024 · Mike Ashley’s Frasers Group PLC’s (GB:FRAS) increased takeover offer to acquire the Mulberry Group (GB:MUL) has been turned down by the fashion brand owner. …

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Mulberry Rejects £83mn Takeover Bid From Mike Ashley’s Frasers

2 weeks from now

Oct 1, 2024 · Mulberry has rejected a conditional bid from Mike Ashley’s Frasers Group, saying the offer does not recognise the UK luxury brand’s “substantial future potential value”.

ft.com

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Mulberry’s Owner Rejects Increased £111 Million Bid From Mike …

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Oct 13, 2024 · The owner of the Mulberry fashion brand has rejected an increased £111 million ($144.9 million) bid from Mike Ashley’s Frasers Group to buy the British luxury handbag …

businessoffashion.com

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Mulberry Rejects £83m Frasers Group Takeover Bid Saying It …

2 weeks from now

Oct 1, 2024 · Luxury handbag manufacturer Mulberry has turned down a takeover bid from Mike Ashley’s Frasers Group, which valued the company at £83m. The struggling British fashion …

mirror.co.uk

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Mulberry Has Rejected An £83m Takeover Bid From Mike Ashley’s …

2 weeks from now

Oct 1, 2024 · Mulberry has rejected an £83m takeover bid from Mike Ashley’s Frasers Group. By Chloe Mills 2024-10-01T06:44:00+01:00. ... Frasers Group is understood to have until October …

retail-week.com

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Somerset-based Mulberry Turns Down Frasers' £11m Takeover

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Oct 22, 2024 · Mulberry said the sweetened £111 million bid, offered by Mike Ashley’s Frasers Group on October 11, was “untenable". It previously turned down a £83m takeover bid.

somersetcountygazette.co.uk

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Mulberry Dismisses £111m Takeover Bid From Mike Ashley's …

2 weeks from now

Oct 22, 2024 · Luxury handbag manufacturer Mulberry has dismissed an improved £111m takeover bid from Mike Ashley's Frasers Group as "untenable". The London-listed fashion …

mirror.co.uk

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Frasers Group Ends Bid To Bag Mulberry - Thetimes.com

2 weeks from now

The audacious takeover bid from Frasers came after Mulberry said it needed to raise cash following a £34 million pre-tax loss in the year to the end of March, down from a £13 million …

thetimes.com

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Mulberry Rejects Takeover Swoop By Mike Ashley's Frasers Group

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Oct 1, 2024 · Mulberry has rejected a takeover approach from Mike Ashley’s Frasers Group valuing the struggling luxury brand at £83million. The group told investors it believed the …

thisismoney.co.uk

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Mike Ashley's Frasers Group Tables £83m Mulberry Takeover Bid

2 weeks from now

Sep 30, 2024 · Retail revenue at Mulberry fell by 14 per cent globally. Mike Ashley’s Frasers Group has tabled a £83m takeover of Mulberry and launched a tirade against its board after …

cityam.com

FAQs about Mulberry Turns Down Increased Takeover Offer of Mike Ashley Coupon?

Why did Mike Ashley take over Mulberry?

Mike Ashley's Frasers Group has made a takeover approach for luxury handbag maker Mulberry, adding it was "exceptionally concerned" about the fashion brand's future. Mulberry's sales have fallen sharply following a downturn in the luxury sector, and last week it announced plans to raise nearly £11m to bolster its finances. ...

Is Mulberry's £111m takeover bid 'untenable'?

Luxury handbag manufacturer Mulberry has dismissed an improved £111m takeover bid from Mike Ashley's Frasers Group as "untenable". ...

Why did Mike Ashley's Frasers group abandon its £111m takeover bid?

Mike Ashley's Frasers Group has abandoned its £111m takeover bid for luxury handbag manufacturer Mulberry. The group decided not to make a firm offer before Monday's deadline due to Mulberry's refusal of its latest increased proposal and "in the absence of proper engagement from the Mulberry board". ...

Did Mulberry reject a £83 million takeover offer from Fraser group?

Read our privacy notice. The board of Mulberry today rejected the £83 million takeover offer from Mike Ashley ’s Fraser Group. The owners of Sports Direct, Evans Cycles, House of Fraser and Jack Wills yesterday said it would make an offer for the 63% of the luxury brand it did not already own at 130p a share. ...

Why did Mulberry reject a conditional offer from Frasers group?

Mulberry has rejected a conditional bid from Mike Ashley’s Frasers Group, saying the offer does not recognise the UK luxury brand’s “substantial future potential value”. Frasers, which owns about 36.8 per cent of the shares, offered 130p a share, a premium of 11 per cent to the closing price on Friday, valuing the struggling brand at £83mn. ...

Is a mulberry bid 'disappointing'?

Frasers, which is a major Mulberry shareholder with a 37 per cent stake, said that the outcome is “disappointing”. Frasers Group, led by Mike Ashley, has confirmed it will not pursue a bid for Mulberry, after the iconic British luxury brand rejected its two previous cash offers earlier this month. ...