Mulberry has rejected a takeover bid from Frasers Group due to lack of support from its majority stakeholder, Challice. Challice, owning 56.1% of Mulberry, believes in the company's strategy and future value. Mulberry is facing financial difficulties, with recent losses and a decline in revenue, but is confident in its fundraising measures, including a share subscription from Challice. The luxury sector slowdown has affected Mulberry and other brands, leading to increased selectivity among consumers. Teljes cikk (Euronews.com)