Frasers makes bid for Mulberry following lacklustre FY24 and capital raise announcement

Frasers Group has announced that it has made a bid for the struggling luxury brand Mulberry on the back of the company’s FY24 financial report in which it revealed that there was a “material uncertainty going concern”. Frasers, which currently owns 37 percent of the British brand’s shares, said it would “not accept another Debenhams situation where a perfectly viable business is run into administration”.