- Luxury Daily - https://www.luxurydaily.com -

British billionaire Mike Ashley’s Fraser Group takes 12.5pc stake in handbag brand Mulberry

Mulberry's edit for Valentine's Day gifts for The Boy. Image credit: Mulberry Mulberry's edit for Valentine's Day gifts for The Boy. Image credit: Mulberry

 

U.K. retail tycoon Mike Ashley’s Fraser Group has taken a 12.5 percent stake in British leather goods maker Mulberry as part of its repositioning toward “premium third-party brands.”