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Sportswear Retailer Frasers Invests in Mulberry Group

The British sportswear retailer bought a 12.5 percent stake in the luxury leather goods company.
Mulberry storefront | Source: Shutterstock
By
  • Reuters

LONDON, United Kingdom — British sportswear retailer Frasers, formerly Sports Direct, said on Monday it had bought a 12.5 percent stake in British handbag maker Mulberry Group.

The deal will make British billionaire Mike Ashley’s Frasers the third biggest investor in Mulberry, according to Refinitiv data.

By Noor Zainab Hussain; editor: Shinjini Ganguli

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