Mulberry
This coverage examines Mulberryโs strategy, operations, and performance in the UK luxury retail and accessories market. Reporting covers store launches, financial results, sustainability initiatives, leadership changes, and brand positioning. Aimed at retail executives, buyers, and brand managers monitoring premium fashion trends, consumer demand, and competitive dynamics in the luxury sector.
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Oct- 2024 -21 OctoberNews
Frasers backs N Brown takeover deal amid Mulberry plans
Frasers Group has confirmed that it backs the takeover deal of N Brown by the Alliance family and has agreed to the sale of its 20% stake in the company for ยฃ38m, as it continues its efforts to strike a deal with luxury brand Mulberry.ย Frasers Group, owner of Sports…
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18 OctoberAnalysis
A look at Mulberryโs financial struggles and future prospects
Once a darling of the British fashion scene in the 2000s, Mulberry was a go-to accessory for trendsetters like Alexa Chung with its signature leather handbags, such as the Bayswater. However, the group is now grappling with a financial crisis, reporting a pre-tax loss of ยฃ34.1m for the year ending…
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14 OctoberNews-In-Brief
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered ยฃ111m to take control of the luxury fashion brand. Frasers, already owning 37% of Mulberry, raised its offer to 150p per share after a previous ยฃ83m bid was turned down. However, Mulberry’s majority shareholder, Challice, expressed…
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14 OctoberLuxury Goods
Mulberry’s majority shareholder rejects increased Frasers bid
Mulberry’s majority shareholder Challice has turned down an increased bid of ยฃ111m from Frasers Group as it has โno interest in sellingโ. Chalice pointed out that Frasers would be unable to take over Mulberry without its support. Frasers, which already owns 37% of Mulberry, raised its offer for the retailer…
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7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashleyโs Sports Direct, following Ashleyโs unsuccessful ยฃ83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberLuxury Goods
Mulberry founder suggests LVMH may be best fit for bidder
Roger Saul, the founder of luxury handbag retailer Mulberry, has told This is Money that it would fit โmore naturallyโ with a European luxury group like LVMH.ย It comes after the retailer rejected an ยฃ83m bid from Sports Direct CEO Mike Ashley last week, despite admitting that Mulberry has struggled…
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4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a ยฃ50bn float in…
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4 OctoberClothing & Shoes
Frasers increases Mulberry stake after failed takeover bid
Mike Ashleyโs Frasers Group has acquired more shares in Mulberry just days after it had a takeover bid for the company rejected. Frasers subscribed for 4.0 million shares at the 100p per share fundraising price, through clawback provisions available to major shareholders. Before this Frasers held 22.1 million shares in…
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1 OctoberNews
Today’s news in brief-1/10/24
Mulberry has turned down an ยฃ83m acquisition bid from Frasers, arguing it undervalues the company’s potential. Frasers offered 130 pence per share for a 36.8% stake, prompting Mulberry’s board, backed by majority shareholder Challice, to reject the offer and focus on CEO Andrea Baldo’s turnaround strategy. Authentic Brands Group has…
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1 OctoberClothing & Shoes
Mulberry rejects Frasersโ ยฃ83m takeover offer
Mulberry has rejected a ยฃ83m offer from Frasers to take over the company, after stating its offer โdid not recognise the company’s substantial future potential valueโ.Frasers had made the 130 pence-per-share offer yesterday, which would see it acquire 36.8% of the handbag company.ย Mulberryโs board said it carefully considered the…
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