The board of Mulberry has come out to defend its position over its fundraising plans and has firmly rejected the offer made to it by Frasers Group.
Mulberry highlighted the appointment of its new CEO Andrea Baldo along with its subscription and the retail offer saving that it provided a solid platform to execute a turnaround and to deliver the best value for all Mulberry shareholders. It added that it had no intention of withdrawing or terminating the subscription of the retail offer but that Frasers Group was able to participate in the subscription.
As previously reported Frasers Group holds around 37 per cent of the issued share capital of Mulberry and had announced that it was considering a bid for share capital that it doesn’t already own.
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