18th Dec 2020 09:47
Mulberry Group PLC - Bath, England-based luxury leather accessories - Notes announcement by Frasers Group PLC late Thursday that it won't be making a takeover offer. The Sports Direct owner, run by founder Mike Ashley, last month raised its stake in Mulberry in two steps to 37% from 12.5%. At the time, the FTSE 250 retailer reserved the right to make an offer for the rest of Mulberry and had until Thursday to do so. "We continue to make significant progress in building Mulberry as a sustainable global luxury brand, creating value for all our stakeholders," Chair Godfrey Davis says on Friday.
Current stock price: 202.00 pence, down 1.0% on Friday
Year-to-date change: down 29%
By Tom Waite; [email protected]
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