Frasers’ possible bid for the shares it does not own would need the Ong’s blessing. On Monday, Frasers claimed it was blindsided by Mulberry’s rights offer, announced after the market closed on Friday, and said it believed Frasers was “the best steward” to return the leather goods maker to profitability.

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,

UK-based retail brand owner Frasers Group has made a potential £83m ($111m) offer to acquire luxury handbag manufacturer Mulberry. This comes after the handbag company recently announced its intention to raise gross proceeds of £10.

Mike Ashley’s Frasers Group has made a conditional offer for Mulberry, valuing the UK luxury brand at £83mn, after a “wholly unsatisfactory” response to an initial approach at the weekend. Frasers, which owns about 37 per cent of Mulberry’s shares,

Mike Ashley’s Frasers Group PLC ($GB:FRAS) has set its sights on the British luxury handbag brand Mulberry Group ($GB:MUL) and made a conditional

Ashley, who first made a run at Mulberry in late 2020, is making a cash offer worth 83 million pounds for the British B Corp accessories brand.

Frasers has made an £83million offer to buy struggling luxury brand Mulberry after the group went cap in hand to investors to raise cash last week.