Mulberry rejects revised Frasers takeover bid as "unwanted distraction"

Frasers Group's revised takeover bid for Mulberry has been dismissed by its major shareholder, Challice, who views the bid as a distraction during critical restructuring efforts.

Challice, which controls 56.1% of Mulberry, has firmly stated that they have no willingness to sell their stake to Frasers, undermining Frasers' control aspirations.

Despite Mulberry's recent £34 million pre-tax loss and declining sales, the company remains optimistic about its turnaround strategy under the new CEO and recent capital initiatives.

Frasers Group, which already owns a significant portion of Mulberry, believes it can revitalize the brand and prevent it from experiencing another unfortunate collapse like Debenhams.

Read at Business Matters