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HomeLifestyle NewsMike Ashley’s Frasers Group Makes £83 Million Offer for Handbag Maker Mulberry

Mike Ashley’s Frasers Group Makes £83 Million Offer for Handbag Maker Mulberry

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Mike Ashley’s Frasers Group has filed a possible £83 million 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 percent stake in Mulberry.

It said it was making an offer for the rest of the company after the luxury brand announced an…

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