Mulberry said its largest shareholder has rejected a fresh takeover approach from Mike Ashley’s Frasers Group for the luxury handbag maker. The London-listed fashion firm told shareholders on Monday morning it is working with advisers from Houlihan to consider its position.
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00:00Hello, my name is Greg Wright. Here are your business headlines for today.
00:06Mulberry said its largest shareholder has rejected a fresh takeover approach from Mike Ashley's Fraser's Group for the luxury handbag maker.
00:17The fashion firm told shareholders it is working with our advisors from Houlihan to consider its position.
00:23It said a further announcement will be made in due course.
00:27On Friday, Sports Direct owner Fraser's Group tabled a £111m approach to buy Mulberry.
00:35It's an update this morning for Mulberry which said its largest shareholder has rejected a fresh takeover approach.
00:42My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.