Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Mulberry Mike Ashley Frasers Frasers Group Sports Direct Clive Black Challice Luxury
a model in a brown dress/coat holds a circular shaped teal coloured leather handbag
Mulberry says it needs to raise cash after making a £34m pre-tax loss in the year to the end of March. Photograph: Dpa Picture Alliance/Alamy

Mike Ashley’s Frasers Group has filed a possible £83m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker.

Frasers – the owner of Sports Direct, Evans Cycles, the House of Fraser department stores, the luxury streetwear chain Flannels and multiple brands from Slazenger to Jack Wills – already owns a 37% stake in Mulberry.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
What’s the Oldest Thing in Your House You Still Use Every Day?
The oldest thing in your house might not sit behind glass or carry a sentimental story. It could be the skillet you grab for eggs, the wooden spoon that has survived three kitchen remodels, or the desk lamp that somehow refuses to die.
Clever Dude
Clever Dude
7 Foods From Your ’80s Childhood That Aren’t Made the Same Way Anymore
If you grew up in the 1980s, you probably remember the bright orange macaroni and cheese, the sweet taste of your favorite soda, and snacks that seemed to make every afternoon better. Some of those familiar products are still available, but the versions on store shelves today may not be…
Grocery Coupon Guide
Grocery Coupon Guide
Brooklyn couple uncover 1901 coal log tied to family history while restoring an 1880s house
James and Laureta Gale found a 1901 coal delivery schedule during their renovation of a historic lodging house. Their discovery connects to James's family history with coal delivery in Brooklyn. The couple is transforming the 1880s building into an 11-room guesthouse with modern amenities. They are also preserving original features…
The Times of India
The Times of India
A couple told a North Carolina woman they were only feeding the turtles, then she turned her camera to the pond
The woman kept on throwing food into the water.
We Got This Covered
We Got This Covered
A Michigan woman says she found worms in fudge from the Applebutter Fest, adding ‘I’m totally grossed out’
An unwanted visitor has made itself a home.
We Got This Covered
We Got This Covered
Lil Jon Says It's 'Hard To Process' Learning the Man Who Raised Him Wasn't His Biological Father
Lil Jon says cousin's DNA test revealed Willie, who raised him, was not his biological father. Ahead of his memoir's release, he reflects on unanswered questions, his son's death and relatives' calls.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play