Frasers groups increases stake in Mulberry to 36.8%
Source: Mintel 20-11-2020

UK 20-11-2020

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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.