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Frasers buys Mulberry stake in upmarket move

FILE PHOTO: A woman walks past a video display in the shop window of a Mulberry store in
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(Reuters) - Sportswear retailer Frasers , formerly Sports Direct, has bought a 12.5% stake in handbag group Mulberry pushing ahead with plans to move upmarket into the luxury business.The purchase makes Frasers, controlled by British billionaire Mike Ashley, the third biggest investor in Mulberry, based on Refinitiv data. Frasers was created when Sports Direct unveiled a rebranding in November..
Date Published: Feb 03, 2020
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