Mulberry majority shareholder rejects selling to Frasers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 13 2024
0mins
Source: Reuters
Challice's Position on Mulberry: Challice, the majority shareholder of luxury brand Mulberry, has stated it is not interested in selling its 56% stake to Frasers Group, aiming to end Frasers' takeover attempt and expressing concern over the distraction caused by the bid.
Frasers' Bid Timeline: Frasers, which is Mulberry's second-largest shareholder, has until October 28 to make a firm offer after previously increasing its bid following Mulberry's rejection of an initial undervalued offer.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
