Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firmMike Ashley’s Frasers Group has filed a possible £83m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker.Frasers – the owner of Sports Direct, Evans Cycles, the House of Fraser department store, luxury streetwear chain Flannels and multiple brands from Slazenger to Jack Wills – already owns a 37% stake. Continue reading...