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Frasers Group Raises Stake in Mulberry, Reserves Takeover Option

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Mike Ashley’s Frasers Group acquired 4.3 million shares in Mulberry to raise its stake in the British fashion brand to 37 percent. Frasers acquired the shares from defunct Icelandic bank Kaupthing in a transaction valued at nearly 6.5 million pounds ($8.6 million). Mulberry’s controlling shareholder is Challice Ltd., holding a 56 percent stake in the…

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