Mulberry Group (MUL)

Sector:

Personal Goods

Index:

FTSE AIM All-Share

87.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 132.50
  • 52 Week Low: 80.00
  • Currency: UK Pounds
  • Shares Issued: 70.47m
  • Volume: 82
  • Market Cap: £61.66m
  • RiskGrade: 340

Frasers abandons pursuit of Mulberry

By Michele Maatouk

Date: Wednesday 23 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Frasers Group said on Wednesday that it was abandoning its pursuit of luxury handbag maker Mulberry.

The news came a day after Mulberry announced that it had rejected a second takeover proposal of £111m, or 150p a share, saying it was "untenable".

Mulberry's rejection of the offer - up from a previous proposal of 130p a share - came after major shareholder Challice said it had no intention of selling its 54% stake to Frasers.

Frasers said it had become increasingly concerned over the governance of Mulberry, the apparent lack of commercial plan against a backdrop of increasing market headwinds and the financial position it finds itself in.

It said: "Whilst the response announcement is a disappointing outcome, Frasers remains a long-term supporter of the well-loved British brand, Mulberry.

"Frasers continues to believe that market headwinds, and a clear lack of commercial plan, place the company in a very difficult financial position. Frasers welcomes the presentation of a credible plan in the near term."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mulberry Group Market Data

Currency UK Pounds
Share Price 87.50p
Change Today -5.00p
% Change -5.41 %
52 Week High 132.50
52 Week Low 80.00
Volume 82
Shares Issued 70.47m
Market Cap £61.66m
RiskGrade 340

Mulberry Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.13% above the market average12.13% above the market average12.13% above the market average12.13% above the market average12.13% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
57.75% below the market average57.75% below the market average57.75% below the market average57.75% below the market average57.75% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Income Not Available
Growth
83.5% below the market average83.5% below the market average83.5% below the market average83.5% below the market average83.5% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mulberry Group Dividends

  Latest Previous
  Final Final
Ex-Div 26-Oct-23 27-Oct-22
Paid 24-Nov-23 25-Nov-22
Amount 1.00p 3.00p

Trades for 18-Jul-2025

Time Volume / Share Price
11:28 4 @ 100.00p
11:28 4 @ 85.00p
11:26 30 @ 100.00p
11:26 30 @ 85.00p
11:26 6 @ 100.00p

Mulberry Group Key Personnel

CEO Andrea Baldo

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