Majority owner, Challice, says it has no interest in selling shares to group that already owns 37% of luxury brand
The owner of the Mulberry fashion brand has rejected an increased £111m 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 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 takeover saying it came at an “inopportune time” for the struggling brand.
Continue reading… World news | The Guardian
