The luxury brand Mulberry reports increased losses and plans a strategic overhaul under new CEO Andrea Baldo.Mulberry’s losses for the half-year widen to £15.7 million, reflecting…
Browsing: Mulberry
Mulberry continues to face financial challenges, reporting a significant operating loss for the first half of 2024.The British luxury brand’s operating loss reached £13.1 million, a…
Frasers abandons its £111m takeover bid for luxury brand Mulberry, citing lack of board engagement.Mulberry’s board rejects Frasers’ improved 150p-per-share offer, prioritizing business performance.Frasers demands a…
Frasers Group has decided not to pursue the acquisition of Mulberry, ending weeks of ongoing speculation within the industry.Concerns over governance and leadership at Mulberry contributed…
Frasers Group has retracted its bid to acquire the remaining shares of Mulberry due to governance issues.The decision follows Mulberry’s board’s unanimous rejection of Frasers’ revised…
Mulberry has declined the second takeover proposal from Frasers Group, led by Sports Direct owner, Mr. Mike Ashley.Mulberry’s majority owner, Challice, stated it will not sell…
Mulberry has decided to reject the increased takeover bid from Frasers Group, emphasizing its commitment to future growth.The luxury handbag retailer finds the proposition untenable after…
Frasers Group has recently confirmed important developments regarding its investments in N Brown and Mulberry, signaling strategic shifts in the fashion industry.The group announced support for…
Frasers Group’s recent maneuvers reveal its strategic aspirations within the luxury retail sector.The group has endorsed the Alliance family’s acquisition of N Brown Group, enhancing its…
Mulberry’s largest shareholder, Challice, has rejected Frasers’ revised takeover bid, indicating it as an ‘unwanted distraction.’The rejection follows Frasers’ increased offer from 130p to 150p per…