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Evening Standard
Evening Standard
Business
Jonathan Prynn

Mulberry set to stay out of the clutches of Frasers after Challice backing

Mulberry Frasers Challice Company

The British luxury handbags and fashion brand Mulberry looked set to escape the clutches of Mike Ashley’s Frasers Group after receiving the strong backing of its controlling shareholder, Singapore’s Challice,

Frasers upped its offer to 150p a share, valuing the company at £111 million, on Friday although it has not tabled a formal bid.

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