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These are the stories making headlines in fashion on Tuesday. The 2025 International Woolmark Prize announced the eight finalists on Tuesday: Act No. 1, Diotima, Duran Lantink, Ester Manas, LGN Louis Gabriel Nouchi, Luar, Meryll Rogge and Standing Ground. Each finalist will receive AU$60,000 for … Continue reading Source link
Mulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses had widened. The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley’s Frasers Group, is in the process of cutting 85 roles from […]
Mike Ashley’s Frasers Group has criticised the management of Mulberry as it walked away from its attempts to take over the luxury handbag maker after a series of rejected offers. Frasers, which is Mulberry’s second-largest shareholder with a 37% stake, had made several offers for the fashion brand, culminating in a £111m bid this week, […]
The British luxury handbag retailer Mulberry has rejected an increased £111m bid from Mike Ashley’s Frasers Group, describing it as untenable. Frasers, which already owns 37% of the company, increased its offer to 150p a share on 11 October from 130p, which had valued Mulberry at £83m. However, the retailer’s biggest shareholder, Challice, a group […]
The owner of the Mulberry fashion brand has rejected an increased £111m bid from Mike Ashley’s Frasers Group to buy the British luxury handbag maker, saying it has “no interest” in selling its shares. Challice, a group controlled by Singaporean entrepreneur Christina Ong and her husband, Ong Beng Seng, which owns 56% of Mulberry – […]