February 3, 2020 / 5:05 PM / 21 days ago

Mike Ashley's Frasers buys stake in Mulberry Group

Feb 3 (Reuters) - British sportswear retailer Frasers , formerly Sports Direct, said on Monday it had bought a 12.5% stake in British handbag maker Mulberry Group.

The deal will make British billionaire Mike Ashley’s Frasers the third biggest investor in Mulberry, according to Refinitiv data.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shinjini Ganguli

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