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Mulberry’s Owner Rejects Increased £111 Million Bid From Mike Ashley’s Frasers Group

Mulberry’s Owner Rejects Increased £111 Million Bid From Mike Ashley’s Frasers Group

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 maker, saying it has “no interest” in selling its shares.

Challice, a group controlled by Singaporean entrepreneur Christina Ong and her husband, Ong Beng Seng, which owns 56% of Mulberry – giving it the power to block any bid – called on Frasers to ditch plans to take…


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