Mike Ashley’s Frasers Withdraws Bid for Handbag Maker Mulberry - Bloomberg

A banner flag outside a Mulberry Group boutique in London.

Billionaire Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group Plc but is still pushing for a board seat at the British handbag maker.

Frasers said Mulberry had not properly engaged with its offer to buy the remainder of the company, in which it already holds a 37% stake.