Mulberry says Frasers' revised takeover proposal untenable

Mulberry

22/10/2024 07:19

LONDON, Oct 22 (Reuters) - British luxury brand Mulberry
 MUL.L  on Tuesday rejected a second takeover proposal from Mike
Ashley's Frasers Group  FRAS.L , saying the possible offer is
"untenable".
    Frasers had on Oct. 11 raised its proposal to 150 pence per
Mulberry share, valuing the brand, best known for its handbags,
at 111 million pounds ($144 million).

($1 = 0.7689 pounds)

 (Reporting by James Davey; editing by Sarah Young)
 ((james.davey@thomsonreuters.com;))