Frasers Group has increased its stake of luxury retailer Mulberry by 7.1 percentage points to 36.8%. Frasers Group first bought 12.5% of the brand in February 2020, followed by more investment in November increasing its stake to 29.7%. This was part of what Frasers Group called a “key strategic priority” to elevate its proposition. Singapore-based Challice Limited still holds around 56% of Mulberry’s issued shares and the two launched a partnership in 2017, hoping to drive growth in Asia.