UK's Frasers walks away from Mulberry bid

Mulberry

23/10/2024 13:54

Oct 23 (Reuters) - British sportswear and apparel
retailer Frasers Group  FRAS.L  said on Wednesday it would not
make an offer for Mulberry  MUL.L , adding it remained concerned
about the governance at the British luxury brand. 
    Mulberry, known for its leather handbags and belts, had
rejected Frasers' second proposal worth 111 million pounds 
($143.7 million), saying it was "untenable". 

($1 = 0.7723 pounds)

 (Reporting by Prerna Bedi and Aby Jose Koilparambil in
Bengaluru; Editing by Arun Koyyur)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))